Brazil Q2 GDP Beats Forecasts With 0.5 Percent Growth
Brazils economy grew 0.5 percent in the second quarter, topping forecasts but signaling a broader slowdown as high borrowing costs weigh on household consumption.
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Brazil's GDP grew 0.5% in the second quarter, beating forecasts despite elevated borrowing costs and shrinking household consumption. The expansion slowed from the previous period's 1.1% pace. Economists warn that persistent monetary tightening will keep economic activity cooling through the second half.
