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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 445.60-10.1%Jan 30 4:00 PM EST

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To: THE ANT who wrote (12363)12/13/2006 3:40:29 PM
From: elmatador  Read Replies (1) of 219943
 
Brazil: only 3% growth in 2007 if policies are unchanged

Brazil's economy will grow by about 3 pct next year, significantly slower than other emerging countries, if its economic policies are not changed, Sao Paolo-based industry federation FIESP warned.

The federation, based in Brazil's wealthiest region, expects GDP to grow by 3-4.5 pct depending on economic policies -- specifically in terms of interest rates and budgetary spending.

Brazil's growth in 2006 will not exceed 2.7 pct, FIESP said. The government initially forecast more than 4 pct growth but has had to repeatedly revise this figure downwards.
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