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Brazilian economy is stronger than most, says minister, and unemployment will fall to 8% by end of year

The unemployment rate, currently at 9.3%, could fall to 8% by the end of the year with the economic recovery, said yesterday (9) Economy Minister Paulo Guedes. He attended the opening of the Congress of the Brazilian Association of Bars and Restaurants (Abrasel) in Brasilia this evening.

"We will bring [the unemployment rate] down to 8% before the year ends. We will end the year with the lowest unemployment rate in the last 10, 15 years," the minister said.

According to Guedes' assessment, Brazil is in a long investment cycle. According to him, the Brazilian economy is in a . . .

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