Crisis Puts the Brakes on Brazil’s Go-Go Economy
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SAO PAULO, Brazil — The go-go outlook that propelled Brazil onto the world stage in recent years has crashed into hard economic realities. The financial meltdown that began in the United States has pummeled the stock exchange, battered commodity prices, weakened the local currency and squeezed credit, putting large-scale private and public projects on hold in the world’s 10th-largest economy.
admin @ December 4, 2008