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Brazil: Lula’s Confidence in Economy, Contradicted by the Facts

Highlights – Lula announces he is optimistic about 2009 outlook – Some Brazilian economists disagree, arguing indicators reveal an outlook of zero growth – Despite Lula’s assurances, Brazilian economy likely to face significant downturn in 2009 On March 8, 2009, President Luiz Inacio Lula de Silva announced that he believes

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