The Return of Growth, But Slow

BRAZIL ECONOMICS - Report 21 Aug 2017 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

The economic activity numbers for June drastically reduce the possibility of contraction of GDP in the second quarter. The shining light was the performance of retail sales, leading to an estimate of strong growth of household consumption in the three months through June. Thus, although doubts persist about its intensity, which should be weak, there are abundant signs that the economy has finally resumed growing.

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