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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (52904)	7/31/2009 3:29:17 PM
From: elmatador	Read Replies (2) \| Respond to of 218043

Brazil Is Leading Latin America Out of Recession, JPMorgan Says First LATAM. Then the world :-) By Michael Patterson July 30 (Bloomberg) -- Latin America’s economy will exit a recession this year, led by Brazil, as low interest rates spur consumer spending and a rebound in global demand increases earnings from commodity exports, JPMorgan Chase & Co. said. The region will grow at a seasonally-adjusted annual rate of 7.9 percent in the third quarter, after contracting 1 percent in the previous quarter, New York-based JPMorgan analyst Luis Oganes wrote in a research note dated yesterday. It will grow 3.2 percent in the final three months of the year, he wrote. Brazil probably grew at a 4.3 percent pace in the second quarter from the previous quarter, Oganes wrote. Latin America’s largest economy will expand 5 percent this quarter and 3.5 percent in the fourth quarter, he wrote. “Brazil is already emerging as the clear leader of the region’s recovery,” Oganes wrote. To contact the reporters on this story: Michael Patterson in London at mpatterson10@bloomberg.net; Last Updated: July 30, 2009 05:46 EDT