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Brazil's currency and stock futures weakened on Thursday after the country's biggest interest rate increase in nearly two decades raised risks of an economic downturn next year. Analysts warned that could tip Latin America's economy into recession, raising risks of more populist policymaking from President Jair Bolsonaro, who is expected to seek a second term next year. Brazil's real weakened 1% against the U.S. dollar as higher borrowing costs threatened to choke a fragile economic recovery.