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18th Oct 2023 20:20Latin America, Daily Monitor

  •  Brazil’s growth is weakening, but further rate cuts would prevent a protracted downtrend.
  • The retail sector stalled in Q3, as tight financial conditions are curtailing activity; Q4 will be better.
  • Low inflation will offset the hit from high real rates and a less helpful job market, but downside risks remain.

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Keywords for: 20 October 2023 LatAm Monitor

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