LatAm Daily | The recession deepens in Brazil
Published on Wednesday, December 2, 2015
LatAm Daily | The recession deepens in Brazil
Summary
Economic activity contracted 1.7% QoQ / 4.5% YoY in 3Q15, implying that the ongoing recession is deeper than expected and that GDP forecasts should be revised downwards again going forward. In Chile, government expenditures decreased in October due to lower fiscal investment while revenues increased. We do not rule out a MPR hike in Peru due to higher expected inflation.
Geographies
- Geography Tags
- Latin America
- Brazil
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Marina Conesa
Enestor Dos Santos
BBVA Research - Principal Economist
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist
Documents and files
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