VOICED : FMI agrava previsiones de recesion en Brasil

The IMF has revised its forecast for Brazil's economy, predicting a 3.8% contraction in 2016, mirroring 2015's decline. This is worse than the average 0.5% contraction expected for Latin America and the Caribbean. Brazil's economy has been affected by China's slowdown and falling commodity prices. Political tensions are high as President Dilma Rousseff faces impeachment over alleged fiscal mismanagement. Brazil is experiencing its first consecutive two-year recession since the 1930s, and its credit rating has been downgraded to junk status by major agencies.

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