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Brazilian Central Bank raises projection for economic growth from 1.7% to 2.7%

The Brazilian Central Bank (BC) raised the projection for economic growth this year.

The estimated expansion of the Gross Domestic Product (GDP, the sum of all goods and services produced in the country) went from 1.7% to 2.7%.

The projection is included in the Inflation Report, a quarterly publication of the Central Bank, released on September 29.

"The surprise growth in the second quarter, the initial results of the third quarter, and stimuli . . .

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