Brazil's economy slips into recession

Brazils economy has been flirting with recession for some time after a series of quarters in which growth has been stagnant, inflation near the top of the central banks target range and investment and consumer sentiment weak.
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A man sits along Ipanema beach on August 29, 2014 in Rio de Janeiro, Brazil. Brazil's economy has slipped into a recession just one month before general elections according to government figures released today. (Getty Images)
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Restaurant workers stand along Ipanema beach on August 29, 2014 in Rio de Janeiro, Brazil. Brazil's economy has slipped into a recession just one month before general elections according to government figures released today. (Getty Images)
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Marina Silva (C), presidential candidate of the Brazilian Socialist Party, greets a supporter while visiting the Rocinha favela on August 30, 2014 in Rio de Janeiro, Brazil. A new poll shows Silva as the front runner against Brazil's President Dilma Rousseff in October's election. (Getty Images)
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Marina Silva, presidential candidate of the Brazilian Socialist Party, shakes hands while visiting the Rocinha favela on August 30, 2014 in Rio de Janeiro, Brazil. A new poll shows Silva as the front runner against Brazil's President Dilma Rousseff in October's election. (Getty Images)
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Presidential candidate for the Brazilian Workers' Party and current Brazilian President Dilma Rousseff delivers a speech during a rally at National Confederation of Rural Workers (CONTAG) in Brasilia, Brazil on August 28, 2014. Rousseff is set for a bruising defeat in an October runoff election against popular environmentalist Marina Silva, a poll suggested Tuesday. The survey by polling firm Ibope found Rousseff would come out ahead in the first-round election on October 5 but be forced to face Silva in a second-round vote three weeks later, losing 36 percent to 45 percent. (AFP/Getty Images)
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Presidential candidate for the Brazilian Workers' Party and current Brazilian President Dilma Rousseff (L) poses with supporters after a rally at National Confederation of Rural Workers (CONTAG) in Brasilia, Brazil on August 28, 2014. Rousseff is set for a bruising defeat in an October runoff election against popular environmentalist Marina Silva, a poll suggested Tuesday. The survey by polling firm Ibope found Rousseff would come out ahead in the first-round election on October 5 but be forced to face Silva in a second-round vote three weeks later, losing 36 percent to 45 percent. (AFP/Getty Images)
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A cup of coffee made from Brazilian Arabica coffee beans sits in a coffee shop on August 28, 2014 in Rio de Janeiro, Brazil. Arabica coffee prices have been surging this year following one of the worst droughts in decades for coffee makers in Brazil. Brazil produces more coffee than any other country. (Getty Images)
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A window reflects as homes are shown in the Cantagalo favela, or community, on August 11, 2014 in Rio de Janeiro, Brazil. While real estate prices rapidly climbed in the favela following pacification in the years before the World Cup, prices have now dropped back to near pre-pacification levels, according to Luiz Bezerra, president of Cantagalo's Residents' Association. Violence in the favela in April of this year primarily led to the drop in prices. (Getty Images)
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A woman sits in a home in the Cantagalo favela, or community, on August 11, 2014 in Rio de Janeiro, Brazil. While real estate prices rapidly climbed in the favela following pacification in the years before the World Cup, prices have now dropped back to near pre-pacification levels, according to Luiz Bezerra, president of Cantagalo's Residents' Association. Violence in the favela in April of this year primarily led to the drop in prices. (Getty Images)