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17th Jan 2024 21:33Latin America, Daily Monitor

  • Retail sales in Brazil grew strongly in November, thanks mainly to the Black Friday boost.
  • Lower inflation and a resilient labour market are also offsetting the drag from rising real interest rates.
  • Economic activity was resilient in Q4, but downside forces will prevent a rapid upturn any time soon.

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Keywords for: 19 January 2024 LatAm Monitor

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