How Three Inches of Rain Could Cut GDP Growth: Corporate Brazil

Whether or not Brazil gets rain -- and lots of it --- in the next few months is likely to be the difference between economic growth or a recession in 2015.

BNP Paribas SA says energy rationing in 2015 as a drought pares hydroelectric output would shave as much as 2 percentage points from gross domestic product. With economists in a central bank survey forecasting growth of 0.77 percent, that would be enough to push Brazil into a recession.