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20th Jul 2015 06:32Latin America, Economic Monitor

Brazil's April economic activity index--a monthly proxy for GDP--surprised to the downside, again. The IBC-BR index was unchanged month-to-month but contracted a dreadful 4.8% year-over-year, down from a revised 3.2% contraction in March. These results imply Q2 GDP of about -1.9% quarter-on-quarter, much worse than the 0.2% contraction in Q1. The release offers no details, but the report signals a continued steep, steady deterioration.

brazil gdp q2 brazil government brl brazil peru bcb

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Keywords for: 20 July. 2015 Brazil's Economic Woes Set to Continue Over the Third Quarter

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