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Central Bank: External Scenario Remains Challenging for Emerging Countries, but Brazil Has Robust Shock Absorbers

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The outlook remains challenging for emerging countries, but despite the uncertainties Brazil has “robust shock absorbers” to deal with external and domestic shocks, Central Bank President Ilan Goldfajn said on Tuesday.

At the same time, however, investors have maintained the same risk appetite with respect to assets in these countries, Ilan added, adding that economic data continue to indicate a gradual recovery of the Brazilian economy “continuously and without stopping.”