Brazil leads as an emerging economy, but high costs undercut its aviation promise
Brazil is unusual among top-rated emerging markets because it can support manufacturing, services and natural resource development simultaneously. This is due, in part, to its low external and public debt, low unemployment, an enviable 90% literacy rate, expanding capital markets and declining poverty. And to top it off, the country is self-sufficient in water, food and energy. Brazil recently passed the U.K. to become the world's sixth-largest economy. By 2040, Goldman Sachs expects it ...
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