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Consumer takes country out of crisis

Consumer movement in a shopping center in São Paulo, Brazil, on 31 October 2017. Household consumption has taken the country out of recession, but the resumption will be slow because corporate investment will hardly return before the next election. This is the conclusion drawn from interviews with economists at Codace, the Economic Cycle Dating Committee that defines growth peaks and valleys. The group, independent, is hosted at the Getulio Vargas Foundation. But the decisive factor, he says, was the fall in inflation and interest, which raises purchasing power: "We will give credit to those who deserve it: the Central Bank has adequately conducted monetary policy ". (Photo by Cris Faga/NurPhoto)

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