The Brazilian economy shrinks for the first time since 2016



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View of the Brazil Stock Exchange, Sao Paulo, Brazil, May 21, 2019.

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The Brazilian economy has contracted in the first three months of the year for the first time since 2016, when the country was in recession.

It's contracted by 0.2% compared to the last three months of 2018. Compared to last year, it had increased by 0.5%.

The fall comes as Brazilian President Jair Bolsonaro faces a scrutiny of his efforts to revive the economy.

During a two year recession in 2015 and 2016, the economy has contracted by almost 7%.

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