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Brazil Property News: Brazilian states 'experience economic growth'
31st January 2008 12:26
Southern Brazil has enjoyed a period of growing financial stability, according to sources.
The Brazilian Central Bank (BCB) has announced that the region benefited from low inflation, growing foreign trade and more jobs, anba.com reported.
Figures were based on performances up to the end of the third quarter, which suggested the southern regions were ahead of others in the country.
Economic Policy director, Mario Mesquita, told the website: "The southern region has been expanding rapidly.
"Foreign trade has been growing more intensely in this region of the country and also in Parana."
About 133,300 jobs were created in the south in the three-month period ending in November 2007, while retail trade reported growth of eight per cent in the accumulated result for the first eight months of the year.
Parana, bordering Argentina and Paraguay, has a population of more than ten million and is historically a major producer of coffee.
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