Sunday, 14 September 2008

BrazOil Update

Brazil's economy will likely grow 4% next year as oil exploration bolsters investment even as the U.S. slowdown hampers growth, according to Folha de S. Paulo. A worsening of the economy in the U.S., which has presidential elections in November, may be the "only thing" that can retard Brazil's economic growth (this is particularly so as the US is Brazil's biggest trading partner).

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