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Falls in the working age

For the intrepid traveller, Brazil is also synonymous with the interior basins of the Amazon, the world’s largest rainforest, which remains sparsely populated and is inhabited by the few remaining Brazilian Indians.

The Brazilian population, growing at slightly above one per cent currently stands at 184 million. Nearly 67% of the population falls in the working age group, a ratio that will grow over the coming decades.

Portuguese is spoken by 98% of the population. Ethnically, more than half the population is white. Roman Catholics form four-fifths of the population. 

President Luiz Inacio ‘Lula’ de Silva, once a shoe shine boy, led the Workers’ Party to victory in the 2002 elections. This marked the first time in four decades that a left-wing president came to power in Brazil.

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Breather for the dollar

China, Japan, South Korea, India and other Asian economies have been financing the American trade deficit as they stand to lose a lot if the dollar goes into a tailspin. A financially weakened America will directly hit exports from Asia. But a breather for the dollar has been the rising oil prices that have ensured that billions of dollars flow into West Asian countries, increasing the demand for dollars.

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