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    LatAm Daily | Credit markets continue to slow down in Brazil

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    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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