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BY PAULO WINTERSTEIN IN SÃO PAULO AND DARCY CROWE IN BOGOTA
A decadelong commodity boom in Latin America that lifted millions out of poverty is showing signs of fatigue, as fading demand in China hits consumers and corporate earnings from Bogotá to Brasilia.
The latest evidence of a regional slowdown came Wednesday, when Brazil said its economy grew just 1.9% in the first quarter compared with the year-earlier period, far below estimates for 2.4% growth.
Compared with the previous three months, Brazil’s GDP grew a modest 0.6%. Finance Minister Guido Mantega said he would lower his current forecast for 3.5% growth this year by an unspecified amount.
“It’s evident that we …
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Follow this link: Latin America Boom Starts to Fade
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