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“It is too early to pay out and reverse all the measures we took last year. We need to wait and see what is going on in the world economy” |
Brazil’s officials have a right to feel smug. The country is showing tentative signs that it is emerging from the recession, with economic growth reaching 1.9% in the second quarter. In addition, the government got a boost last month when Moody’s joined Standard & Poor’s and Fitch in awarding the sovereign investment-grade status.
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