Source:
Financial Times Brazil’s economy barely grew in the first quarter of this year despite interest rate cuts and government stimulus measures, reinforcing concerns over a broad slowdown in emerging markets.
Gross domestic product in Brazil expanded just 0.2 per cent in the three months to the end of March compared with the previous quarter, and 0.8 per cent year, forcing economists to review their forecasts. A Reuters survey of economists had predicted a 0.5 per cent expansion.
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