The Brazilian Central Bank’s Economic Activity Index (IBC-Br) advanced by 0.2 percent in November against the previous month, signaling a possible economic recovery for 2017, the bank said Friday. The index reversed an October month-on-month decline of 0.48 percent. Economic activity was still down 2.02 percent against November of 2015, however. The index is seasonally adjusted. Brazil plunged into a long recession in 2015. Economists are hoping for a rebound this year as the Central Bank reduces interest rates and consumers and businesses pay down debt.
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