* Brazil’s central bank (BCB) has released the latest figures fromi its monthly economic activity index (IBC-Br), which show that economic activity increased by 0.57% in July compared to June. This is the second consecutive month of growth, after a record slump of the IBC-Br in May, following the 11-day lorry drivers’ strike. In non-seasonally adjusted terms, economic activity grew 1.19% since the beginning of the year and 1.46% in the twelve months to July. The BCB currently projects 1.36% GDP growth in Brazil for 2018.
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