Brazilian economic activity declined by 0.52% in November against the previous month and by 6.72% against November of 2014, the Central Bank said Friday. The bank released its monthly Economic Activity Index, showing the ninth month-on-month decline in a row. Brazil’s economy shrank in 2015 due to a number of problems, including low investment levels, persistent inflation and high interest rates. Economists expect final gross domestic product figures for 2015 to show an overall decline of between 3.5% and 4.0%.
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