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Macro Fears Assault Brazil Stocks

Oct 16, 2008

Fears that Brazil’s economic fundamentals are undermined by a widening financial crisis that is affecting global demand and commodity prices helped push down the Bovespa 11.3% Wednesday. The index closed at 36,833, its lowest point since September 2006, but off...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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