Economic activity put in a strong performance in November, raising hopes for a robust economy in 2019, the Brazilian Central Bank said Thursday. The bank released its Economic Activity Index (IBC-Br), showing an expansion of 0.29% in November over the previous month and 1.86% over November of 2017. It was the second straight month of expansion. Growth was led by retail sales and agriculture, with services and industry lagging. Overall economic growth in 2018 was a little over 1.0%, according to economists. But growth in 2019 is forecast at 2.0% to 2.5%. Growth prospects are based on tame inflation, historically low interest rates and rising employment and wages.
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