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Brazilian Growth Overestimated

By Jaylan Boyle, Senior Reporter

RIO DE JANEIRO - After months of bullish forecasts from analysts in Brazil and around the world, the economic recovery has proven to have progressed at a significantly slower rate than has been anticipated over the last financial quarter.

This is expected to leave the government no choice but to leave the benchmark interest rate at it's current record low for the foreseeable future.

Third-quarter gross domestic product growth was 1.3 percent, following on from a second quarter figure of 1.1 percent. The recently released figures could prove slightly embarrassing for the . . .

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