| Table of Contents: | | | | GEOGRAPHIC REGIONS : LA/C, Brazil | | | | TOPICS : economy, industry, corporate, equities, exchange rate, finance, foreign investment, policy | | | | SIGNIFICANCE : With the real appreciating rapidly against the dollar, the government has become increasingly worried about Brazilian competitiveness and economic performance. By implementing the IOF, a short-term solution was found. However, the cost may prove high, and, based on past experience, may affect the development of the local stock market. |
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