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ANALYSIS: Completing the Brazilian jigsaw
13 June 2011
Legal & General Investment Management provides exclusive analysis for Global Investor on the impact of the incoming president
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Brazil
Rousseff
Lula
Brazil’s macroeconomic performance since former President Lula came to power in 2003 has been impressive. Seven years of single digit inflation, average GDP growth of 4.5% per annum, sustained primary (i.e. non-interest) fiscal surpluses averaging 3% of GDP and a sharp improvement in the country’s external balance sheet have greatly increased economic resilience. The global financial crisis was navigated successfully with only a mild GDP downturn in 2009 and a rebound...
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