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Brazil Emerges From Its Worst Recession, Says Finance Chief

Brazil’s economy will emerge from its worst recession on record in the first quarter of this year, Finance Minister Henrique Meirelles said in an interview with Bloomberg News and TV.

Latin America’s largest economy is estimated to have grown 0.5 percent to 0.7 percent quarter-on-quarter in the three months ending in March, Meirelles said in an interview with Bloomberg TV and News in Washington D.C. He expects the economy to expand 2.7 percent in the fourth quarter from a year earlier.

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