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Brazil's worst recession: 8 consecutive quarters of contraction

Brazil's hangover from its annual Carnival festival is extra bad this year.

Latin America's largest country is still crawling through its worst recession in its history.

Brazil's economy shrank 3.6% in 2016. That's just a slight improvement from 2015, when it contracted 3.8%, but still far from good. It's the country's longest recession with eight consecutive quarters of contraction.

Unemployment hit 12.6% in January. A year ago it was 9.5%. By comparison, at the height of the

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