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Brazil’s retail sales surge in June
The retail sales volume in Brazil returned to pre-crisis levels in June
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Indonesia’s economy contracted by 5.3% in the second quarter
In Q2 2020, economic growth in Indonesia disappeared completely
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Brazil’s unemployment rate increased in June
The unemployment rate in Brazil reached 13.3% in June
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Brazil’s Central Bank cut the policy rate to 2%
The Central Bank of Brazil cut the benchmark interest rate (Selic rate) by 0.25pp to 2% on August 5
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Brazil’s industrial production advances in June
Brazil’s industrial production index (IPI) grew by 8.9% m/m in June
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China's Inflation Accelerates in July
The annual headline inflation in China inched up to 2.7% in July 2020 from 2.5%
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Passenger Transportation in China Plummeted in H1 2020
China's passenger traffic dropped by 54.8% y/y in the first half of 2020
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New loans in Brazil rebound in June
The volume of new loans in Brazil improved in June, growing by 1.1% y/y to BRL 322bn
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Brazil reports current account surplus for a third month in a row
The current account in Brazil recorded a surplus of USD 2.2bn in June 2020
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China's Current Account Surplus Shrank in June
The current account surplus in China decreased to USD 24.4bn in June 2020
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China's Manufacturing Activity Improved in July
China's PMI improved for the second consecutive month to 51.1 in July 2020
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Euro Area GDP declined by 15% y/y and by 12.1% q/q in Q2
Eurostat’s preliminary flash estimates for Q2 2020 revealed that the Euro Area is sinking deeper into a recession