New Market Research Report: Brazil Food & Drink Report Q2 2014
Since our last update, the Brazilian economy has shown increasing signs of deterioration. Indeed, consumer confidence has headed lower, inflation has remained near the upper limit of the central bank's tolerance band, the real has sold off aggressively to trade near 2009 levels, and interest rates continue to head higher. With the economy's recovery showing signs of weakness, we believe that economic activity is likely to stagnate in H213, informing the downward revision of our 2013 real GDP growth forecast...
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