FLBR - Brazil In Recession Outlook Clouded By Interest Rate Hikes And Mounting Inflationary Pressures
- Brazilian economy slips into recession for second time in less than two years.
- Central Bank steps up tightening as inflation stuck in double-digits.
- PMI data point to weakness in manufacturing but resilience in services for last quarter so far.
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Brazil In Recession, Outlook Clouded By Interest Rate Hikes And Mounting Inflationary Pressures