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Brazil GDP Shows Strong Increase: Daily

By Mary Carroll, Contributing Reporter

RIO DE JANEIRO, BRAZIL – In August, the Central Bank’s Economic Activity Index (IBC-Br) registered the fifth consecutive rise in GDP, a 0.98 percent increase in comparison with the month of July. It is the highest increase recorded of the last seventeen months.

Chief economist at Votorantim Corretora, Roberto Padovani told O Globo that the IBC-Br for August reflects the measures adopted by government in recent months.

Apart from the successive reductions . . .

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