(Source: QNB - Qatar National Bank SAQ) Download the PDF version of this weekly commentary in عربي or English Available indicators of Brazil's economic activity during the 2014 FIFA World Cup are as dismal as the performance of its national team during the tournament. As a number of Brazilian host cities shut down on the days when matches were played, economic activity fell across the country. As a result, industrial production declined, capacity utilization fell to near-record lows and inventories soared. The football-equivalent of these statistics is losing 7-1 to Germany (the eventual winner) before millions of global viewers. Judging by these short-term indicators, one may...
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