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Brazil’s GDP surges 1.4% in Q2 2024, fueling economic optimism and rate hike speculation
- Brazil's GDP grew by 1.4% in Q2 2024, surpassing market expectations and reflecting economic resilience.
- Private consumption and government expenditure each increased by 1.3%, contributing to growth.
- Strong investment in gross fixed capital formation rose by 2.1%, indicating a positive outlook.
September 3, 2024