Brazils Real Falls on Petrobras Probe

The video discusses the yen's drop to a seven-year low due to weaker-than-expected economic growth, leading to recession concerns. It also covers the Kiwi dollar's rise, driven by retail sales and economic sustainability, despite a 10% loss since mid-year. Lastly, it highlights Brazil's economic challenges, including a currency drop to a nine-year low and the Petrobras scandal involving corruption and money laundering.

What was the unexpected economic contraction percentage that confirmed a recession?

• 1.6%

• 3.0%

• 0.8%

• 2.2%

What was one of the reasons for the Kiwi dollar's rise?

• Government subsidies

• Higher interest rates

• Rising retail sales

• Increased tourism

What did the finance minister say about the Kiwi dollar's value?

• It should be pegged to the US dollar

• It is unsustainable

• It needs to be devalued

• It is sustainable

What event contributed to the Brazilian real's decline?

• Petrobras's postponed intraport

• A natural disaster

• A change in government

• An increase in oil prices

What is being investigated in relation to Petrobras?

• Labor disputes

• Environmental violations

• Corruption and money laundering

• Tax evasion