Latam Daily | Brazil’s GDP declined by 0.2% QoQ in Q1 and upbeat figures released in Chile

Summary

Brazil’s GDP fell less than expected as external demand improved due to exports increasing more than imports. In Chile, data were mainly upbeat as retail sales climbed 3.3% YoY, manufacturing output rose 0.8% and public investment supported domestic demand. In terms of unemployment, Chile remained stable whereas urban unemployment in Colombia was quite disappointing

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