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Pace of Brazil's recovery levels off: Banco Central

1-Oct-2010 1:15 PM

Banco Central do Brasil stated (30-Sep-2010) the pace of growth of the major Brazilian economy indicators pointed to a relative levelling off during the second quarter and at the outset of the third quarter of the year. Labour market indicators have shown a levelling off in the unemployment rate together with an increase in the working population and real earnings. GDP growth is anticipated to reach 7.3% in 2010 while inflation of 5.0% is expected.