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Capital Economics

The leading macroeconomic research consultancy

Latin America Update

Latin America Update

Brazil Q3 growth to disappoint

After surprising on the upside in Q2, Brazilian GDP growth appears to have slowed to a paltry 0.3% q/q in the third quarter. The good news is that growth looks likely to accelerate once again in Q4, meaning that the economy will enter 2011 with plenty of momentum. The bad news is that growth is becoming increasingly unbalanced.

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