In the first quarter of 2012 the Brazilian economy grew of a weak 0,2%.
The growth has rapidly deteriorated the last year and it has only grown for 0,8% the last year.
As the glogal economy also has shown deteriorated growth, including in China (importer of Brazilian products), the forecast is quite bleak. Brazilian almost completely escaped the 2008 crisis, and has not had a strong downturn for almost a decade.
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