Brazil Posts Worst July Retail Sales Performance in 15 Years

  • Sales fall more than economists polled by Bloomberg forecast
  • Confidence rebound yet to translate into consumption recovery

The Slow Unraveling of Brazil, Explained in Two Minutes

Brazil’s retail sales fell more than expected by analysts in July, marking the worst performance for that month in 15 years, as rising unemployment takes its toll on Latin America’s largest economy. 

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