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Emerging markets: Will Brazil pay for its success?

South America’s economic star cannot live by commodities alone

By Jim O Neill   May 2012

Crowding out: government money still discourages Brazil’s private investors

Along with the other “Bric” nations —Russia, India and China—Brazil is showing signs that its post-2008 economic rebound is slowing down. This raises questions about its ability to generate persistently strong growth. Investors should take note. Complete data for 2011 showed that the economy expanded by around 2.7 per cent in real terms, a number considerably weaker than the previous year’s 7.5 per cent and not especially different from the growth rates typically enjoyed by many developed economies, especially before the crisis. This evidence has led observers to wonder whether Brazil…

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