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| Topic: |
Business
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| Number of pages / Number of words: |
33 / 9202 |
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Analysis
3.1 External Analysis
Brazilian Economy
Brazil's economy contributed to around 33.4 % of the GDP for Latin America in 2001. With this, Brazil is the largest economy in South America and is one of the ten largest economies of the world. In 1994, the economy expanded by 6.2 percent and then averaged 3...
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With this, Brazil is the largest economy in South America and is one of the ten largest economies of the world. In 1994, the economy expanded by 6.2 percent and then averaged 3.3 percent growth until 1998, when the economy, in terms of GDP, did not grow at all. During the early months of 1998, a soaring current account deficit and Russia's debt default created unrelenting pressure on the currency, which forced the government to hike annual interest rates above 50 percent...
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