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Brazil GDP Probably Shrank as Investment and Confidence Fall

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Brazil’s economy probably contracted in the fourth quarter of last year as stagflation plagues the world’s second-biggest emerging market.

Gross domestic product fell 0.1 percent from the three previous months, according to the median forecast of 38 economists surveyed by Bloomberg. Output remained flat for the full year, economists estimated. The statistics institute is scheduled to publish its GDP report at 9:00 a.m. in Rio de Janeiro on Friday.