# Brazil: Slower GDP growth in Q4 - Rabobank - Forex Crunch

> Rabobank analysts said Brazilian assets moved roughly in line with emerging-market peers, with the real holding near 3.90 per USD amid seasonal currency outflows and occasional central bank liquidity support. The Ibovespa fell for a third straight week and the yield curve rallied, while the central bank signaled neutrality on future policy. Rabobank expects slower fourth-quarter GDP growth, though formal jobs and consumer confidence improved.

- Date: 2018-12-24 · published 2018-12-24T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/61766-brazil-slower-gdp-growth-in-q4-rabobank-forex-crunch
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Slower Brazilian growth and a steady real reduce pressure on import costs for Brazilian feed buyers and keep the currency outlook for Brazilian soy and meal exports largely unchanged. The impact on grain and meal prices is modest.

## Read by commodity

- USDBRL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2018-08-29 | [Brazil: Economy still vulnerable - ABN AMRO - Forex Crunch](https://feedsoft.ai/events/63750-brazil-economy-still-vulnerable-abn-amro-forex-crunch.md) | +0.8% | -2.0% |
| USDBRL | 2020-09-16 | [USD/BRL: BCB unable to support the Brazilian real - TDS - Forex Crunch](https://feedsoft.ai/events/51309-usd-brl-bcb-unable-to-support-the-brazilian-real-tds-forex-crunch.md) | +3.5% | +5.6% |
| USDBRL | 2025-03-27 | [Brazil's central bank signals need for higher rates for longer](https://feedsoft.ai/events/25807-brazil-s-central-bank-signals-need-for-higher-rates-for-longer.md) | -0.7% | -0.7% |
| USDBRL | 2024-09-05 | [Brazil's central bank sees stronger growth, higher FX since latest policy meeting \| Reuters](https://feedsoft.ai/events/28519-brazil-s-central-bank-sees-stronger-growth-higher-fx-since-latest-policy.md) | +0.1% | -3.6% |
| USDBRL | 2023-12-12 | [USDBRL should reflect Brazil's GDP, employment and services in the US, and data for China](https://feedsoft.ai/events/32942-usdbrl-should-reflect-brazil-s-gdp-employment-and-services-in-the-us-and-data.md) | -0.1% | -1.0% |

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/12/24/brazil-slower-gdp-growth-in-q4-rabobank/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.