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November 7, 2016

Presentation “Brazil Economic Outlook. Fourth Quarter 2016?

We continue to expect Brazil’s GDP to contract by 3.0% in 2016 and then grow 0.9% in 2017. While recent data show that the risks for growth in 2016 are tilted to the downside, the approval of the project to impose a cap on fiscal expenditure could trigger a faster-than-expected recovery from 2017 on.