Euro impact: Brazil’s economy stalls in Q3 | business | Hindustan Times
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Euro impact: Brazil’s economy stalls in Q3

business Updated: Dec 06, 2011 20:54 IST

Reuters
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Brazil’s economy stalled in the third quarter, failing to grow as the emerging market giant became the latest country to feel the sting of a widening euro zone debt crisis and faltering global expansion.

Latin America’s biggest economy posted zero growth from the second quarter, the government said on Tuesday, underscoring a sharp slowdown from breakneck growth of 7.5% last year that far outstripped developed nations.

The slowdown hit sectors that had been bright spots in Brazil, with household consumption dipping from the previous quarter.