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Lower Brazilian growth is "new normal"
16 July 2012
Economist says that the slowdown in trend growth from 5% to around 3.5% will remain for the foreseeable future. Alastair O'Dell reports
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Brazil
The Brazilian economy will not recapture the strong growth rates of recent years as the structural factors mean it is on a lower growth path, according to David Beker, chief Brazil economist and fixed income strategist, Bank of America Merril Lynch, speaking at the Global Investor/ISF Securities Finance Master Class in Brazil on July 11.
Beker said that the government has accepted a new equilibrium where interest...
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