Brazil 2024 GDP growth confirmed at 3.4% in final IBGE data
Published 1 d ago1 sourceEvidence: Reported
Brazilian industrial production contracted 4.1% between May and October, nearly offsetting the 4.2% advance from January to April, per IBGE data. This signals a sharp deceleration in the country's industrial sector, raising concerns about broader economic growth. The data suggests a potential growth downgrade for Brazil in the near term.
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