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Despite robust GDP growth, data show Brazil has never been so unequal – MADE/USP Study

RIO DE JANEIRO, BRAZIL - Despite first quarter GDP growth above expectations, data show that the country has never had so many unemployed and that poverty indexes are increasing. High inflation is compounding the problem.

The 1.2% growth in the Gross Domestic Product (GDP) for the first quarter 2021, released recently by the Brazilian Institute of Geography and Statistics (IBGE), was around 0.7% above market expectations, but the apparently positive data masks a structural problem in the country: growing social inequality.

Amid a pandemic that has already killed over 470,000 Brazilians, the increase in poverty is exacerbated by . . .

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