Rio Grande do Sul economy shrank 9 percent in May

The Brazilian Central Bank’s regional economic activity index (IBCR) shows that the economy of Rio Grande do Sul, the country’s southernmost state, shrank by 9 percent in May — when the state was hit by generational floods that disrupted infrastructure, agricultural production, and industrial activities. The index is a monthly gauge created in 2002 to
The post Rio Grande do Sul economy shrank 9 percent in May appeared first on The Brazilian Report.