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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Brazil heads for worst recession since 1901, economists forecast

Brazil's economy will contract more than previously forecast and is heading for the deepest recession since at least 1901 as economic activity and confidence sink amid a political crisis, a survey of analysts showed.

Europe, US markets rally on China rate cut

LONDON – European and U.S. shares rebounded on bargain-hunting Tuesday as China cut interest rates after fears of a slowdown in the world's second-biggest economy sparked a "Black Monday" rout across global markets.

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