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For question below, choose the answer which best fits the id 9206

For question below, choose the answer which best fits the ideas in the text.Brazil: One Growth Obstacle after Another   

        After just eight months in office, President Luiz Inácio Lula

da Silva of the left-wing Workers' Party has won congressional approval

for economically critical and politically controversial pension and tax

reforms. Now, however, da Silva faces a bigger challenge: reviving

Brazil's economy.            In 2003's first half, Brazil's

economy fell into recession. Most economists expect growth for the

entire year to be a miserly 1%. And a governmentlinked research group

recently embarrassed ministers by predicting growth of just 0.5% in

2003. Taxes are a serious obstacle to growth. Brazil's tax burden is

among the highest in the world, equal to 41.7% of salaries. Reforms now

proceeding through Congress will simplify the tax system, but won't

reduce the total burden. That will be possible only if interest rates

fall and the government can keep spending in check, thereby reducing the

amount of money needed to pay its own debts. For now, Brazil's economy

is going nowhere.(By Jonathan Wheatley in São Paulo - adapted. From: Business Week September 10, 2003)According to the text, a think tank recently caused the government some embarrassment by predicting

Questão no QuestionsOf: For question below, choose the answer which best fits the id 9206

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