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Falling wages and loss of purchasing power limit economic growth in Brazil

RIO DE JANEIRO, BRAZIL - Brazilians face an unfavorable scenario of high inflation and unemployment and a decline in workers' incomes. The "perfect storm" stands in the way of a sustainable economic recovery process after the losses caused by the new coronavirus pandemic.

In the coming years, it will tend to hinder the effective growth of gross domestic product (GDP) - the sum of all goods and services produced in the country.

In February, the average wage for temporary workers with a formal contract fell to R$1,878.66 (US$400), down 3.1% from January and a real decline of . . .

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