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Friday, June 1, 2012

Brazil's economy slowing down


Brazil, which had appeared to be immune to the global financial crisis with a booming economy, is starting to suffer from an economic downturn.
Economists say widespread bureaucracy and massive taxes, which make it difficult to start and maintain a business, have slowed down growth in what has become the most expensive country in Latin America.
A study by the World Bank released this year revealed that the tax structure in Brazil is one of the most complicated in the world.

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