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The Brazilian economy has made a rapid recovery from the global economic crisis, but further reforms are necessary to boost long-term growth, spur investment and further reduce poverty, according to the OECD’s latest Economic Survey of Brazil.
As a region with strong trade, investment, migration and financial links with the rest of the world, Latin America has not escaped the global crisis and its GDP is expected to contract between 1.5% and 2% in 2009, according to the OECD Secretary-General.
In vista de sus fuertes vínculos comerciales, de inversión, de migración y financieros con el resto del mundo, América Latina no se ha escapado de la crisis global y se espera una contracción del PIB de la región de entre 1.5% y 2% en 2009, segun el Secretario general de la OCDE.
Brazil is resisting the global downturn better than many other countries thanks to sound policies developed over recent years and an improved balance of payments, said Angel Gurría, Secretary-General of the OECD.