Brazil growth holds in Q1, but steep March fall points to cooling
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Brazil's economic activity grew 1.3% in Q1, despite a 0.7% contraction in March, indicating a cooling economy. Services, a key sector, fell 0.8%. Economist Rafael Perez noted this reflects normalization after strong early-year growth. GDP growth is projected at 1.0% for Q1. The central bank is expected to continue easing monetary policy amid inflationary pressures, with annual inflation at 4.39% in April.
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