After two years of severe recession, the Brazilian economy is showing signs of improvement, with 2017 GDP expected to grow by 1% compared with 2016, and another 2.8% in 2018. These positive results are helped in part by lower inflation, which in 2017 should be less than 3% compared with 2016’s 6.3%, and also nominal interest rates of 7% per annum - their lowest rate ever.
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