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Brazilian Economy Growth Slows: Daily

By Brennan Stark, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Brazil's economy is expected to stabilize at its current level before accelerating later in the year, but Finance Minister Guido Mantega announced it will likely end 2011 with a growth closer to four percent rather than the 4.5 percent previously estimated.

The GDP managed to expand by 3.1 percent over the same period last year, but IBGE, the Brazilian Geography and Statistics Institute, reported growth rates remain less than hoped for.

The Second Quarter report shows that Latin America's strongest economy is responding as expected to a . . .

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