After two years of sustained economic growth and unprecedented credit expansion, Brazil is once again facing worsening inflation and rising interest rates. While the overall economy should land on its feet by the end of 2009, the new risk in this cycle are the country’s new consumer classes who will see an erosion of their purchasing power as long as inflation persists.
Amid the slowdown that lies ahead, several consumer-oriented sectors - notably agribusiness, housing and...
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