1945

After two years of stagnation in GDP, and as the exchange-rate turbulence of 1999 faded into the past, the Brazilian economy recovered in 2000, with GDP growing by 4.5% while the unemployment rate fell and inflation declined slightly to just over 5%. The balance-of-payments current-account deficit shrank, while international reserves climbed as the result of a substantial net inflow of capital, especially in the form of direct investment.

Related Subject(s): Economic and Social Development
Countries: Brazil
/content/books/9789211558661s003-c003
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