Brazil’s economic miracle4 min read . Updated: 07 Jan 2013, 07:14 PM IST
Brazil has managed to keep interest rates low without fuelling inflation. That lies at the heart of its success
Large emerging economies were hit hard in the past year by the crisis in developed countries, with Europe in recession and the US staging only a meagre recovery. But it was also a year that will be remembered for the consolidation of structural changes in the Brazilian economy.
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