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Home | Brazil Growth Slows, Risks Falling Behind |
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Brazil Growth Slows, Risks Falling Behind
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- September 07, 2011
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Provideo Financial Report: Latin America's largest economy is reacting as expected to a series of interest-rate increases and other measures implemented by the government in late 2010 and early 2011, designed to contain inflation by reining in access to credit.
Brazil's central bank unexpectedly cut the country's key interest rate to 12% from 12.5% last week, saying high debt and weaker growth in developed economies could impact on Brazil. Brazil's GDP expanded 0.8% compared with the first quarter of this year and 3.1% over the same period a year ago. Seco...
- Read more at:http://www.1888pressrelease.com/brazil-growth-slows-risks-falling-behind-pr-332436.html
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