Brazilian growth remains two-speed

It is tempting to attribute the stagnation in Brazilian retail sales in December to recent efforts to curb credit growth but in truth the impact of these measures is unlikely to show up in the data until later this quarter. Instead, the bigger picture is that retail sales actually expanded by 1.5% q/q in Q4 as a whole. With the industrial sector still stuck in a rut, Brazilian growth remains lopsided.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.