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Lack of rainfall could drive Brazil into recession in 2015

Wednesday, December 3, 2014 - 05:50
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BNP Paribas says energy rationing in 2015 as a drought pares hydroelectric output would shave as much as two percentage points from gross domestic product.

Sao Paulo

WHETHER or not Brazil gets rain - and lots of it - in the next few months is likely to be the difference between economic growth or a recession in 2015.

BNP Paribas SA says energy rationing in 2015 as a drought pares hydroelectric output would shave as much as two