By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Despite continuing economic turbulence, some foreign financial organizations are starting to register improvements in Brazil’s economy. The Organization for Economic Cooperation and Development (OECD), for example, has revised its forecast for economic contraction in 2016 from 4.3 percent (June) to 3.3 percent. Earlier in the year, other organizations also improved Brazil’s economic outlook for the rest of 2016 and 2017.
“Despite some improvements, Brazil’s economy continues experiencing a deep recession and is expected to shrink by 3.3 percent this year and a further 0 . . .
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