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Brazil Latest Country to Enter Recession

Discussion in 'Fundamental Analysis' started by Daily.Forex, Sep 11, 2015.

  1. Daily.Forex

    Daily.Forex Forum Member

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    News out of Brazil has gone from bad to worse. Despite efforts by President Dilma Rousseff's government over the last few months to divert a recession, sliding commodity prices and corruption scandals have forced the hand of Standard & Poor’s to downgrade the world's eighth largest economy from investment grade credit rating to “junk’ status.

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