The Ministry of Finance of Brazil expects the country’s economy to get back to growth in the fourth quarter of this year, it said in a statement.

Brazil’s gross domestic product contracted 3.8 percent in 2015, the Institute of Geography and Statistics (IBGE) announced on Thursday.

In a comment on the newly released official data, the Ministry said the decline was due to several factors, including “a fall in the prices of commodities” and “the water crisis that led to supply problems in the first quarter of the year”.

Factors also included a reduction of investment in the “oil, gas and civic construction chain”, as well as “the realigning of prices in the economy” and “macroeconomic adjustment”, it added.

“Several of those factors should not be repeated in 2016 with the same intensity, hence, after their effects have been absorbed fully, the economy would be able to stabilise in the third quarter and post a positive growth starting from the fourth quarter of this year,” the Ministry said.