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Brazil's Star Power Dims, Economic Growth Weaker Than U.S.

Alexandre Tombini

For a country that’s faced the worst economic recession in a generation, the U.S. is doing marvelously well by comparison to every major economy except for maybe China. GDP growth, still around 2 percent and expected to end the year close to that, is better in the U.S. than it is in Brazil, a country which grew China-style in 2010 at 7.5 percent. Once the shining start of the Latin American economies, Brazil is now at stall speed.

Senh: People forget that we must think in relative terms. The entire world is in a recession, and compared to them, the U.S. is doing decent.

 

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