Reuters
EMERGING MARKETS-Growth slowdown fears pressure Latam assets
* Peru’s GDP expands 1.41% in July as growth pace slows * Brazil’s IGP-10 price index falls 0.90% in Sept * Argentina draft budget sees 2023 inflation at 60%, growth at 2% * Gol to pay $41 mln to resolve bribery probes; shares plunge (Updates prices) By Anisha Sircar and Amruta Khandekar Sept 16 (Reuters) – Brazil’s real led losses among major Latin American currencies as investors braced for a large U.S. interest rate hike next week, while stocks declined more than 1% on rising worries of a global economic slowdown. Inflation in Brazil as measured by the IGP-10 price index fell 0.90% in September, compared with a 0.69% drop in August, firming the case for the central bank to end its tightening cycle soon, as signaled. Brazil’s real fell 0.5%, taking weekly losses to 2.3% – its worst week since July.