Brazil and neighboring countries in trouble.

Brazil's economy is going through its worst recession in more than three decades following a drop in prices for Brazilian commodities such as oil, iron ore and soya.

In 2015, the economy shrank by 3.8%, its worst annual performance since 1981.

Inflation reached 10.7% at the end of last year, a 12-year-high.

Unemployment increased to 9% in 2015 and economists predict it could go into double figures in the coming months.

The forecast for 2016 does not look any rosier with GDP expected to decline by 3.8% again and inflation expected to rise.

Source: BBC News, Latin America. For more, click here.