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  • /World Business Watch
Brazil's 're-industrialisation' plan

Brazil's 're-industrialisation' plan

Investors sold brazil's currency after president lula da silva unveiled an industrial development plan for the next 10 years. The plan is aimed at boosting sluggish growth with state credits and subsidies. Lula wants to boost long-lagging growth with a similar playbook to the one he used during his earlier tenure.