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Second Covid-19 wave slows economic recovery in Brazil back after 10 months’ growth

RIO DE JANEIRO, BRAZIL - After ten months of recovery, economic activity retreated again in Brazil, amid the second wave of the novel coronavirus pandemic.

The Central Bank's Economic Activity Index (IBC-Br), released this Thursday, May 13, pointed to a retraction of 1.59% in March, compared to February. This percentage considers seasonal adjustments, which enables month-to-month comparisons.

This was the first drop in activity since April last year, at the . . .

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