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20th Nov 2015 04:13Latin America, Economic Monitor

This week economic data highlighted the severity of Brazil's economic recession and the huge challenges it will face next year to return to growth. The recession further deepened in the third quarter with the economic activity index--a monthly proxy for GDP--surprising, once again, to the downside in September. The index fell 0.5% month-to-month, pushing the year-over-year rate down to 6.2%, the steepest fall on record. The series is very volatile on a monthly basis, but the underlying trend remains grim.

brazil inflation recession unemployment chile economy economic gdp brl usd consumer confidence labor south america usd

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Keywords for: 20 Nov. 2015 Economic Conditions Deteriorate in Brazil - No Bottom Just Yet

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