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Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country's growth, even as analysts have been consistently revising their forecasts upward for the year.
(Bloomberg) Brazil’s economy shrank more than expected in May according to the central bank’s main gauge of activity, as President Luiz Inacio Lula da Silva’s government advances key reforms and investors bet on rate cuts. Most Read from BloombergDollar’s Busted Bull Run Has Bears Calling End of an EraSingapore House Speaker Resigns in New Blow to Ruling PartyRussia Derails Danone, Carlsberg Exits by Seizing AssetsRussia Pulls the Plug on Ukraine Grain Export DealYellen Says China Slowdown Ri
BRASILIA (Reuters) - Economic activity in Brazil declined in May, showed a central bank index on Monday, signaling a non-linear trajectory for the country s growth, even as analysts have been consistently revising their forecasts upward for the year.