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Presentation Brazil Economic Outlook. Third quarter 2017

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We revised down our GDP forecasts to 0.6% in 2017 and 1.5% in 2018, largely due to the upsurge of political tensions. Nevertheless, the economy will likely continue to recover, leaving behind the recession. Among other factors, the recovery will be driven by monetary policy, whose expansive tone will contrast with fiscal policy’s restrictive tone.


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