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Brazil flirts with a double-dip recession

Brazil’s economy shrank in the first quarter for the first time since 2016, data showed on Thursday, pushing Latin America’s largest economy closer to a double-dip recession. Optimism that President Jair Bolsonaro would quickly unlock Brazil’s growth potential faces the reality of lengthy negotiations between Congress and his inexperienced administration. The former military officer was swept into office in January after making market-friendly pledges to boost growth and after the…
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