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1st Jun 2023 14:38Latin America, Daily Monitor
- Brazil’s GDP rose strongly in Q1, bouncing to 4.0% year-over-year, from 1.9% in Q4, thanks to solid farm output...
- ...But the details of the report highlight that the econo- my is not strong, and that rate cuts are badly needed.
- The labour market remains resilient, but increased real interest rates are now a big threat.
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Keywords for: 2 June 2023 LatAm Monitor
economy, gdp, interest rates, labour, labour market, rate cuts, real interest rates, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence