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Brazil confronts a fiscal crossroads

Market concerns remain high despite a sizeable reduction in Brazil’s fiscal deficit. Sustaining a balanced budget appears challenging with inflation trending above target, rising interest rates, and a new tax reform plan on the table.

Next Week in China: 28 April-2 May 2025

The coming week is expected to be relatively quiet in terms of major data releases for Mainland China. However, economic data for April will be interesting to monitor given the significant volatility caused by Trump’s series of reciprocal tariffs.