News - Brazil GDP Expanded 2.2% in Second Quarter, Bank of America Says

July 20 (Bloomberg) — Brazil’s gross domestic product probably increased 2.2 percent in the second quarter, compared with the previous quarter, Bank of America Corp. said in a report today.

“May industrial production and especially retail sales came in stronger than expected, following incipient signs of improvement in labor and credit conditions, consumer and investor confidence, and inventory levels,” Bank of America said in the report.

Source: Bloomberg.

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