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BRAZIL - ECONOMIC GROWTH & STABILITY
2008 was one of the best years for the Brazilian economy with booming export
and commodity markets and the currency at a 9-year high against the US dollar.
During Q4 2008 and Q1 2009, Brazil was affected by the global recession, but
the 1.9% growth in Q2 2009 proved that the economy is once again on an
upward trend.
The Economic Outlook published by the Organisation for Economic Co-
operation and Development (OECD) in November 2009 predicts that Brazil’s
GDP growth in 2010 will be 4.8%. This figure is 2.5 times higher than the 1.9%
combined growth forecast for the 30 OECD members. The OECD expects Brazil
to grow 4.5% in 2011.
contd....
