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14th Sep 2023 19:33Latin America, Weekly Monitor

  • Brazil’s retail sector was relatively resilient in July, but tight financial conditions are putting a lid on activity.
  • The outlook is mixed; low inflation will offset the hit from higher real rates and a less helpful job market.
  • Struggling economic activity and gradually falling inflation allow the BCRP to join the easing band.

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Keywords for: 18 September 2023 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence