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Cruzeiro do Sul Tees off Brazil Bank Downgrades

Dec 11, 2008

While the worst of the liquidity crunch apparently behind Brazil’s mid-sized banks, the outlook for 2009 is grim and little if any growth is expected for the sector, according to Moody’s. The...

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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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