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Brazil & Southern Cone - April 2012 (ISSN 1741-4431)

BRAZIL: Intervening in support of growth

The IBC-Br index of economic activity compiled by the central bank, a proxy for real GDP growth, fell for the second consecutive month in February. The index slipped 0.23% month-on-month over January, its worst result since October 2011. The bank also revised down the January result for the index to -0.18%, from -0.13% previously.

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