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Brazilian economy rebounds

July 15th 2004

Several economic indicators show that the Brazilian economy is starting to recover.
Industry output is up, commerce sales are growing, unemployment rates are down; all growth rates are referenced to the indexes of 2003, when Brazil had a negative growth in GNP.
Inflation remains leveled; analysts estimate 2004 inflation somewhere between 6 and 7%. Monetary authorities (including the President of Central Bank, Henrique Meirelles) have hinted that, given the scenario, itīs unlikely that the official interest rates see further reductions.

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