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Brazil’s Economy Shows Mixed Signals: August GDP Dips Amid Long-Term Growth
The Brazilian economy experienced a slight setback in August 2024, according to the GDP Monitor from FGV/Ibre. The Gross Domestic Product (GDP) decreased by 0.2% compared to July, marking the second consecutive month of contraction. Despite this monthly decline, year-over-year comparison revealed a 3.4% growth, with the 12-month accumulated rate indicating a 2.8% advance. The […]