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Economy / Brazil


May 2012 | Data Release

Brazil's economic activity index reading surprised to the downside in March, with the seasonally-adjusted measure recording a contraction of 1.8% in year-on-year terms and 0.4% in month-on-month terms. While this poses a downside risk to our end-2012 real GDP growth forecast of 3.9%, substantial fiscal and monetary stimulus in the pipeline still underpins our view that growth will pick up in the next few

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