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New York Times (November 9)

2018/ 11/ 10 by jd in Global News

Brazil “had been on an upward trajectory, that seemed to have shaken off the legacy of instability.” Instead, it “suffered a terrible recession and is experiencing a very slow recovery.”  The nation “appears to have been hit by a perfect storm of bad luck and bad policy: The global environment deteriorated sharply…. Domestic private spending also plunged… Policy, instead of fighting the slump, exacerbated it.”

 

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