The release of June’s activity data allows us to firm up our estimate of Q2 GDP in Brazil – and the news isn’t good. We think that GDP may have contracted by 0.5% q/q in the second quarter. And with the economy weakening once again, a pre-election interest rate cut at next month’s COPOM meeting remains possible.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services