Published on Thursday, July 28, 2016
LatAm Daily | Credit markets continue to slow down in Brazil
Summary
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.
Geographies
- Geography Tags
- Latin America
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Documents and files
Authors
ED
Enestor Dos Santos
BBVA Research - Principal Economist
LL
Lorena Lechuga
HP
Hugo Perea
BBVA Research - Chief Economist
CP
Cecilia Posadas
BBVA Research - Principal Economist
JS
Jorge Selaive
CS
Carlos Serrano
BBVA Research - Chief Economist
JT
Juana Téllez
BBVA Research - Chief Economist