Growth is still expected to improve in 2013; however, we revise lower our projection to 3.2% from 3.8%
• Inflation dynamics are worrisome, even though we expect headline IPCA to slow in H2-2013
• We think the BCB needs to hike rates; however, mark...
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Digital technology is transforming the economy and society. Adoption, not invention, has the most economic impact. Technology can lift developed countries if they embrace change. New technologies offer more opportunities than challenges for emerging markets.
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