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Brazil's gross domestic product (GDP) "shrank 0.24 percent in the second quarter of 2017 compared to the first quarter, when it increased 0.99 percent Cheap Toronto Raptors Hats ," according to a study by the prestigious Getulio Vargas Foundation (FGV).

Compared to the second quarter of 2016, the fall in GDP is even sharper, registering 0.30 percent.

The construction sector saw a 7.4-percent decline, which dragged down overall GDP growth in the second quarter.

Brazil's economy has been recovering slowly from its worst recession ever Cheap Toronto Raptors Hoodies , seeing two consecutive years of negative growth in 2015 (-3.8 percent) and 2016 (-3.6 percent), for the first time since 1931.

The first quarter saw 1-percent growth while the forecast calls for maximum growth of 0.5 percent for the year.

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