Brazil’s president reported economic progress.
President Jose Sarney told Brazilians in a nationally televised address that the nation’s economy is doing better than had been expected. “We are arriving at the end of the year, and I bring you good news,” he said. He predicted that economic growth would be between 6% and 7% this year, up from the earlier 5% projection, and that inflation would be held to an annual rate of 230%, less than had been feared. He added that more than 1.5 million jobs have been created this year.
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