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The Brazilian Economy Contracted in Q2 – IBGE

M. Ali 1 September, 2021 10:30 pm Market Update

The Brazilian economy contracted during the second quarter of the year, official data by IBGE showed on Wednesday.

A second wave of the pandemic seems to have negatively impacted demand recovery in Latin America’s biggest economy.

Brazil’s gross domestic product (GDP) declined by 0.1% on a quarterly basis against market expectations and following a 1.2% growth in Q1.

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