Published on Thursday, July 28, 2016
LatAm Daily | Credit markets continue to slow down in Brazil
Credit stock grew only 1.0% YoY, a negative rate in real terms as inflation in the period stood at 8.8% YoY. The further moderation of credit markets in the period supports our view that economic activity remains weak and that a further GDP contraction in 2Q16 is the most likely outcome.
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Authors
LL
Lorena Lechuga
JS
Jorge Selaive
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
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