In Brazil, the official data showed that the country's economy shrank in the first quarter of the year.<br />''<br />''The statistics agency said yesterday, Gross Domestic Product contracted 0.2 per cent from the previous quarter, marking the first decline in the key indicator of economic activity since the end of 2016.<br />''<br />''Meanwhile, Brazil's central bank has so far resisted calls to cut its main interest rate, which is already at a historic low of 6.5 per cent. <br />''<br />''<br />