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Brazil Exits Recession

By Jaylan Boyle, Contributing Reporter

RIO DE JANEIRO - Last week respected financial organizations such as the Financial Times and Forbes were prepared to call the recession in Brazil a thing of the past.

Second quarter figures revealed strong growth in the industrial and service sectors, as well as a second quarter GDP growth of 1.9 percent.

The recent economic growth halted a streak of two consecutive quarters of declining GDP, which constitutes the accepted definition of a recession. The recent figures were published by the Brazilian Census Bureau (IGBE).

An official end to the recession will be particularly welcomed . . .

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