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Published on Monday, August 18, 2014 | Updated on Monday, September 15, 2014

In June, economic activity contracted in Brazil and GDP growth was weak in Peru

In Brazil, the decline in the monthly activity index, as well as the downwards revision of the May figure, reinforce the downward bias to our forecast for 2Q14 GDP. In Colombia, both industrial production and retail sales figures surprised to the downside in June, confirming the downward bias to our GDP growth forecast. Today we expect Chilean GDP to have declined 0.03% QoQ in 2Q14.