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Impact of Lava Jato on Brazil’s GDP Could Reach R$140 Billion

By Lisa Flueckiger, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL - The Lava Jato (Carwash) corruption scandal in Brazil involving oil giant Petrobras and some of the country's largest construction companies is said to impact Brazil's GDP by R$142.6 billion in 2015, according to calculations by consultancy firm GO Associates. This would be equivalent to 2.5 percent of the country's economy.

In April, when the consultancy had published first estimates about the impact of the scandal . . .

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