Brazil: Q3 GDP likely to accelerate to 0.8% - TDS

According to analysts at TD Securities, Brazil’s Q3 GDP is expected to show a quarterly acceleration to 0.8% Q/Q after a loss of momentum for the growth recovery thus far in 2018.

Key Quotes

“This should bring the Y/Y rate of growth to 1.6%, which while not a stunning rate, should support market sentiment. A failure in growth to satisfy expectations is likely to complicate further the BCB's trajectory, though the market has recently softened its expectation for hikes in the near term.”