RIO DE JANEIRO (AP) - Brazil's economy grew just 0.1 percent last year, barely keeping the country out of a recession.
RIO DE JANEIRO (AP) — Brazil's economy grew just 0.1 percent last year, barely keeping the country out of a recession.
It's the worst result since 2009, and bad news for President Dilma Rousseff, whose popularity has plummeted along with Brazil's economic performance.
To blame for last year's poor performance was a drop in investments, which fell 4.4 percent from 2013.
Consumer consumption had been a driving force for the economy for years, but it grew just 0.9 percent last year.
The Brazilian government's IBGE statistics bureau released the results on Friday. They represent the country's worst economic performance in 15 years.
Still, most economists were expecting figures to show the country actually entered a recession last year. Most private economists polled by the Central Bank expect Brazil to enter a recession this year.