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Brazil Expecting 3.5% GDP Growth for 2005
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Old Age and Pension in Brazil and Other Countries
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Brazil's GDP Growth on Target
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Banks Upbeat about Brazil
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Brazil's GDP Grows 4.2% in First Half
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Lula: 'Brazil Is More Than Carnaval and Street Kids'
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Over 80% of Brazilians Are Living in Cities
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Brazil's Year Surplus Grows to US$ 22.1 Billion
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IMF: Brazil Is Reaping Fruits of Past Policies
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Brazil's Industrial Capacity Nearing Its Limit
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Market in Brazil not Bullish for 2005
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Brazil's Debt Falls US$ 2 Bi, Still US$ 329.7 Bi
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Brazil Market Upbeat Despite High Interests
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Brazil Betting on Dollar Falling and GDP Rising
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Rewrite Your Books. Brazil Grew in 2003.
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Brazil's Industry Leads Best Growth in 9 Years
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Brazil to Grow 5.5% This Year
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Brazil's Lula Signs Public-Private Partnership Law
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Brazil Fears Many Soybean Growers Will Be Ruined
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Brazil's GDP Up 5.2%, Best in 10 Years
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For Minister Brazil's 5.2% GDP Shows a Healthy Economy
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Brazil's Growth Recipe: Exports Up and Inflation Down
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IMF Urges Brazil to Fight Poverty and Inequality
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Brazil's Per Capital GDP Grows 3.7% to US$ 3,640
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Most Kids in Brazil's Shelters Are Not Orphans. 87% Have Family.
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U.S. GDP Scares Brazil's Bulls
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Brazil Industry and Services Shrink in First Quarter
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Brazil Is World's Second Poorest. 22 Million Are Indigent.
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Brazil Betting Tight Credit Is Ending
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Brazilian Industry Blames High Interest Rates for Paltry GDP
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28% of Brazil's Urban Population Have no Public Water or Sewage
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Some Banks Saying Brazil Won't Grow More than 2.5% in 2005
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Economists Lower Brazil's 2005 GDP Growth Forecast to 3.27%
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Brazil Forecasts 4.5% GDP Growth and 4% Inflation for Next Three Years
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Brazil Lowers GDP Expectations from 4% to 3.12%
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Analysts See Lower Brazilian GDP
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Brazil Should Go Beyond Millennium Goals, Say Experts
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Despite Crisis, Brazil's Auto Industry Should Grow 5% This Year
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Brazil's GDP Decelerates, But It Is Still Up 2.9%
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Brazil's Share of World Investment Grows from 1.7% to 3%
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Brazil Is World's 14th in GDP and 86th in Per Capita Income
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US Calls Brazilian Economic Policy Extraodinary and Lula a Rare Leader
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Brazilian Federal Highways Kill 6,000 and Injure 66,000
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Brazil Rises Anticipating Interest Cuts
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Brazil GDP Grows 4.3% in a Year
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GDP Good News Raises Hopes and Stocks in Brazil
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Brazil's Economy Hasn't Been That Good in Decades, Says Finance Minister
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Led by Mineral Extraction, Brazilian Industry Is Pulling Economy Up
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Lula Pats Himself on the Back for Brazil's Booming Economy
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In Brazil, High Interests Are a Rich's Best Friend
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Brazil's GDP Grows 3.4%, Supermarket Sales Too by 2.6%
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Brazil Government Forecasting Lower 2005 GDP
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Brazil Loses US$ 230 Billion a Year or 1/3 of GDP to Piracy
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Higher Inflation and Lower GDP Make Investors Cautious in Brazil
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Brazil's Economy Shrinks, So Does Consumer Confidence
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IMF Applauds While Banks Lament Brazil's Economic Performance
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Brazil's GDP Fall, Worse Than Bad News
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Brazil Industry Calls Government Pigheaded for Refusing to Cut Interest Rates
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Brazil to Grow a Mere 2.3% in 2005, Says IPEA
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Low Dollar and High Interests Reduces Brazil's GDP to 2.5%
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Estimates for Brazil's Growth and Investments Fall Sharply
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Economic Institute Joins the Bears: Brazil to Grow a Mere 2.3%
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Brazil's GDP Grows to US$ 609 Billion Up to September
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Central Bank Lowers Brazil's 2005 GDP Estimate from 3.4% to 2.6%
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Despite Recent Downturn, Brazil's GDP Totaled US$ 622 Billion Up to September
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Brazil to Pay 13% of Debt Due in 2006. Rest to Be Renegotiated.
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Brazil Wants Global Tax on Financial Transactions and Arms Trade to Help Poor
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Slow-Growing Brazil Is Holding Back LatAm's Expansion
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Unemployment Falls in Brazil. Shrinking of Economically Active Population Helps.
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Good Prospects for Brazil Don't Prevent Market Fall
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Forecast Still On: Brazil's GDP to Grow 3.4% This Year
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Despite Low GDP Brazil's Economy Jumps from 15 to 11th Place in the World
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In LatAm's Poor Showing on Share of World GDP Brazil Does Best
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GDP Growth in LatAm: Argentina 7.3%, Venezuela 6%, Brazil 3.5%
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Brazilian Industry Raises Brazil's 2006 GDP Growth Estimate to 3.7%
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Industry Revises Brazil's Growth Up. GDP Expected to Grow 3.7%.
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Brazil's Agribusiness GDP Falls 6% in Three Years
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Brazil's GDP Grows 1.4% in First Quarter
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Lula Calls Brazil's GDP Growth "Excellent News"
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Brazil's Central Bank Bets on 4% GDP Growth and 4.3% Inflation
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Brazil's GDP Reaches US$ 215 Billion. Industry Brings US$ 76 Billion.
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IMF Predicts 3.5% Growth, But Brazil Says It Will Grow 4.5% in 2006
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Only 10% of Brazilians Belong to a Co-op. This Rate is 40% in Rich Countries.
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Brazil Gets Boost After 4.5% Growth Forecast for 2006
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Contrary to Experts Brazil's Finance Minister Forecasts a Minimum 4% GDP Growth
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Brazil's GDP Grows Meager 0.5% in Quarter. Lula Minimizes Poor Performance
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With World's Worst GDP Growth Brazil Sees 2006 Industry GDP Downgraded to 2%
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Brazil Blames Dismal GDP on Peoples' Love for Soccer
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Brazil Economy's Poor Showing Doesn't Hurt Lula's Mood or Popularity
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Brazil's Latest Growth Projection for 2006: No More than 3.3%
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Beyond Reelection: Brazil's Lula 2.0 Doesn't Sound Too Promising
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Fear of US Recession Lowers Brazil's Growth Expectation from 4% to 3.5%
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Brazil to Grow 3% or Less This Year, Say Experts
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Tired of Being Emerging Power Brazil Will Go Over the Speed Limit, Vows Lula
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Tax Cuts and Spending Caps to Make Brazil Grow 5% a Year
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Brazil's Per Capita Income Tumbles from 41% to 28% of First World's Take
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Brazil Has to Grow 5.2% in Last Quarter to Reach Government's Forecast
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Brazil's Lula Orders 5% Growth, But Doubting Thomases Abound
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Brazilian Industry Tired of Growing Slower than Rest of the World
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2007 Forecast: Brazil Will Grow 3.4% and Export Record US$ 150 Billion
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2006 Brazilian GDP Downgraded to 2.74%
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Brazil's Lula Unveils Today His 5%-a-Year Growth Package
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Brazil's 70% of GDP Debt Puts It Far from Investment Grade
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By 2050 Brazilians Will Be as Rich as Europeans Were in 2005
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Brazil's 2.9% Growth Is the Worst in South America
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New Official Calculations Make Brazil World's Tenth Largest Economy
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With New Methodology Brazil's 2006 Growth Jumps from 2.9% to 3.7%
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A Bullish Brazil Betting on 4.2% Growth for 2007
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Experts Say Brazil Won't Grow More than 4.1% This Year
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Market Analysts Up Their Bets for Brazilian Economy
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Key Interest Rate Cut in Brazil Leads to Higher GDP Forecast
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Brazil's GDP Grows 4.3% in First Quarter Reaching US$ 307 Billion
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Less than 1% of Brazilians Own 54% of Brazil's Assets
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Forecast for Brazil: 4.5% GDP Growth with 4% Inflation
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Brazil GDP Expected to Grow 4.71% This Year and 4.33% the Next
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Led by Industry Brazil's GDP Grows 5.3% This Year
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Brazil Pleasantly Surprised by Year-End Numbers: Industry GDP Is Up 5.3%
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Brazil Becomes World's 6th Largest Economy with Twice China's Per Capita GDP
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Heated Domestic Demand Ups Brazil GDP to 5.2% This Year
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Brazil's Credit Volume Goes Past Half a Trillion Dollars, 34% of GDP
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Trouble in US and EU Won't Slow Down Brazil, Says Minister
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Brazil's GDP Grows 5.4% While Investments Jump 13%
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Brazil Fears Inflation While GDP Grows 5.8%
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Brazil's Central Bank Projecting 4.8% Growth for Country
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Brazil's Credit Volume Reaches 36.5% of GDP, Best in 13 Years
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Brazilians Are Paying 54% a Year in Interest for Personal Credit
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Brazil's Credit to GDP Ratio Reaches 14-Year High: US$ 600 Billion
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43% of Brazil's GDP Represented in Business Gathering in Portugal
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Brazil Sees 5,3% Growth with Domestic Market Making Up for Export Losses
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UN Hints Brazil May Grow a Mere 0.5% in 2009
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Brazil Grows 6.8% and Won't Go in Recession, Says Minister
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Lula Still Hopeful Brazil Will Grow 4% in 2009
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Forecasts for Brazil: 2.5% Growth, 5% Inflation, Dollar at 2.25 Reais
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Bank of America Forecasting 1.3% Growth for Brazil This Year
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Brazil to Get US$ 14 Billion Trade Surplus This Year, One Third of 2007
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Brazil See Signs of a Recovering Economy
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A Quarter of Brazilian Executives Think Worst of World Crisis Is Over
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After Zero or Negative Growth Brazil to Expand 4%, Says Veteran Guru
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Brazil Finally Admits It Might Get Stuck on Zero GDP Growth in 2009
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Stuck in Recession Brazil Creates Its Own Stimulus Package
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Brazilian Industry Sees Brazil's GDP Falling 0.4% This Year
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Bleak: Less than 1% of Brazil's Small Businesses Are Innovative
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Brazil Vows to Spend 1.5% of Its GDP, About US$ 22 Billion, in Science
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Brazil One of the First to Recover from Global Crisis, Says Minister
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Brazil One of the First to Recover from Global Crisis, Says Minister
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Thanks to Auto-Industry Brazil Grows 0.3% in June
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Finance Minister Foresees 4% Growth for Brazil in Coming 12 Months
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Brazil's GDP Grows 1.9% Compared to First Quarter
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Brazilians' Buying Spree Yanked Brazil Out of Recession
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2009 Brazil GDP Grows 0.01% and Industry Contracts 7.5%, Say Markets
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IMF Revises Forecast and Says Brazil in 2010 Will Grow Over 3.5%
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Economist Betting Lower Interests Will Take Brazil from Slump |
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Written by Keite Camacho
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Wednesday, 07 December 2005 |
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Despite the prospect of a smaller growth in this year's Gross Domestic Product (GDP), the economist Fábio Giambiagi, coordinator of the Conjunctural Accompaniment Group in the Institute of Applied Economic Research (IPEA), believes that, since November, the Brazilian economy has shown signs of recovery, owing basically to two factors.
Giambiagi was one of the people in charge of an IPEA study released yesterday, indicating a decline in the GDP projections for 2005 and 2006. According to the study, this year's GDP growth should amount to 2.3%, instead of 3.5%, as was previously estimated. Next year's forecast was lowered from 4% to 3.4%. In the economist's view, the first factor pointing to an improvement in the economy is the inventory level reduction, which was "very strong" in the third quarter of this year. "Sales levels didn't drop, but there was merchandise available. Industry didn't have to produce much," he informed. "But since stores can't sell what they don't have, once inventory adjustments are made, the tendency is for their demand to increase to maintain a regular supply and their sales to maintain a good pace," he said. The second factor, according to Giambiagi, is the weakening of the effects of the political crisis, which had a negative effect on the performance of the economy in recent months. He also comments that the onset of the process of lowering the benchmark interest rate (Selic) can contribute to a recovery in the level of economic activity. The Central Bank's Monetary Policy Committee has been reducing the Selic since May. At its most recent meeting, on November 23, the annualized Selic was reduced from 19% to 18.5%. Agência Brasil
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