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| 09/06/2010 |
| 2Q10 GDP: upside surprise |
| In 2Q10, Brazilian GDP advanced 1.2% compared to the first quarter of the year and 8.8% compared to the same period of last year. The result was above our expectation of 0.7% and also above median market expectation (0.7%). |
| • Full publication |
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| 09/06/2010 |
| Selic scenario for 2011 |
| If our GDP scenario confirms, it is likely that an additional adjustment in interest rate is needed in 2011's first quarter to generate sustainable equilibrium amongst demand, supply and current account. The residual monetary tightening that we forecast will depend also on first steps of the next government's fiscal policy. |
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Full publication |
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