Now one of the world’s 10 largest economies, Brazil was also one of the last countries of significant size to feel the effects of the global financial and economic crisis. Thanks to strong sovereign fundamentals, a well‐regulated banking system and rising domestic‐driven growth, Brazil has avoided much of the damage felt by other economies and is on track to recover faster than many other nations. In fact, the Brazilian economy is expected by some analysts to grow as much as 4.5% in 2010. That Brazil would be in such a strong position in the face of a global financial crisis would have seemed unthinkable just a few years ago.
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