Brazil Economic Activity Misses Forecast as High Rates Sap Growth

The Central Bank of Brazil in Brasilia. — The Central Bank of Brazil in Brasilia.Photographer: Gustavo Minas/Bloomberg

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By Andrew Rosati

December 15, 2025 at 11:53 AM UTC

Updated on

December 15, 2025 at 12:39 PM UTC

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Brazil’s activity unexpectedly dropped in October, in the latest sign Latin America’s largest economy is cooling off.