Latin America Documents | 16 May 2017 Upbeat March's Data in Brazil Confirms the Recession is Over
Economic data released yesterday underscored that Brazil emerged from recession in the first quarter, but further rate cuts are needed. Indeed, the monthly economic activity index--the IBC-Br--fell 0.4% monthto- month in March, though this followed a strong 1.4% gain in February.
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Economic data released yesterday underscored that Brazil emerged from recession in the first quarter, but further rate cuts are needed. Indeed, the monthly economic activity index--the IBC-Br--fell 0.4% monthto- month in March, though this followed a strong 1.4% gain in February.
Posted: 15th May 2017 in 'Latin America Documents'
Tags: brazil, ibc, recession, colombia, colombian, banrep, inflation, outlook, economic activity index, bcb, labour market, labour, recovery, consumer confidence, vat, vat rate, vat rise, retail sales, consumer spending, consumers spending, gdp, industrial production, oil, oil industry, saudi arabia, russia, energy, energy markets, oil, interest rate, interest rate cut
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