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Brazil’s Economic Activity Stalls as Agribusiness Slumps, Fueling Case for Selic Rate Cuts
The Central Bank of Brazil’s pre-GDP indicator (IBC-Br) fell 0.2% in July, exceeding forecasts, as a steep 1.2% decline in Agribusiness weighed heavily on the economy.
The Central Bank of Brazil’s pre-GDP indicator (IBC-Br) fell 0.2% in July, exceeding forecasts, as a steep 1.2% decline in Agribusiness weighed heavily on the economy.
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