Economic Uptick Meets Market Headwinds in Brazil

Brazil’s economy kicked off 2024 with a promising 0.8% growth in GDP compared to the previous quarter. This 2.5% year-over-year growth suggests a rebound from the sluggish end to 2023. Yet, despite these encouraging signs, the Ibovespa, Brazil’s primary stock index, faltered, marking its fifth straight decline with a modest 0.19% drop to 121,800 points. […]

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