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Rio de Janeiro: the annual battle over the minimum wage is a crucial concern of Brazil’s poor |
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This time a year ago, Brazil was teetering on the brink of disaster. The government’s nightmare, a forced devaluation of the real, had come true. All the work of the previous four years seemed about to unravel, and the country faced rising inflation, unemployment and recession. Many analysts expected, at best, that the economy would shrink by 5%.
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