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Brazil's Economy Contracts 0.7% Amid Agriculture Plunge

7/15/2025

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Summary

Story summary

Brazil's economy took a surprising downturn in May, contracting by 0.7%. This decline was largely fueled by a staggering 4.2% drop in agriculture, alongside falling tax revenue and industrial output. As high interest rates continue to rise, this marks the first contraction in five months, despite a year-over-year growth of 3.2%.

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Story summary

Brazil's economy took a surprising downturn in May, contracting by 0.7%. This decline was largely fueled by a staggering 4.2% drop in agriculture, alongside falling tax revenue and industrial output. As high interest rates continue to rise, this marks the first contraction in five months, despite a year-over-year growth of 3.2%.