Figures from Brazil’s central bank show a deceleration in credit growth in the second quarter of 2019 (compared with the first quarter), which led an exasperated Octavio de Lazari, president of Bradesco, to say that 2019 is “already another lost year” for the economy.
In a meeting with journalists, Lazari struck a pessimistic note: “The second quarter (credit performance) is worse, reflecting the negative GDP growth in the first months of this year.”
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