Brazilian Consumer Spending Set For Sustained Growth

The consumer picture in Brazil looks positive for both the short and long term. The country's economy has proven to be particularly resilient in the face of the global economic slowdown and is already experiencing a robust recovery following a minor recession. We expect the current level of GDP growth to be sustained over the entire forecast period (see chart 1), while private consumption is expected to grow even more rapidly with positive implications for our food, drink and retail

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