2007 with 6.1% and 2008 with 5.1%. Due to the 2008–10 world financial crisis, Brazil's economy was expected to slow down in 2009 between a decline of −0.5% and a growth of 0.0%. In reality, economic growth continued at a high rate hitting 7.5% in 2010. 2010s economic contraction Following a boom at the end of the previous decade, Brazil's economy experienced a contraction. Between 2011 and 2015, the value of the real fell from 1.55 reals per US dollar to 4.0 reals. The price of many of the country's main exports fell due to falling demand. From September 2014 to February 2015, Petrobras, the largest energy corporation in Brazil, lost 60% of its market value. Unemployment remained below 6% but began to rise above that in 2015 with the economy overall expected to contract by 25% in 2015 in US dollar terms. See also Economy of Brazil List of economic crises in Brazil Agriculture in Brazil Industrialization in Brazil Latin American debt crisis La Década Perdida (The Lost Decade) References Works cited Further reading Carlson, Chris (2022). "The Agrarian Roots of Divergent Development: A Case Study of Twentieth-Century Brazil". American Sociological Review. Joao Ayres, Marcio Garcia, Diogo A. Guillén, Patrick J. Kehoe. 2019. "The Monetary and Fiscal History of Brazil, 1960-2016." NBER paper. Vidal Luna, Francisco, and Herbert S. Klein. 'The Economic and Social History of Brazil since 1889 (Cambridge University Press, 2014) 439 pp. online review Serrano, Franklin and Ricardo Summa. Aggregate Demand and the Slowdown of Brazilian Economic Growth from 2011–2014, from the Center for Economic and Policy Research, August 2015 In Portuguese