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After a 6 year run, Brasil's outstanding economic growth...is coming down to earth...somewhere in the 3% GDP range.
Once known as the "near China," the new lower growth projections have companies scaling back investments there.
Economists report that the nation's new lower middle class consumers...responsible for 60% of GDP...are exhausted from major purchases like new cars and big screen tvs, suffering high credit default rates near 22%.... and weighed down by debt...from interest rates as high as 45%.
