Brazil: Blame it on the Bossa Nova

Sugarcane being harvested at Louis Dreyfus Commodities' Biosev Continental farm near Colombia, Brazil Photograph by Dado Galdieri/Bloomberg

Like other economies, that of Brazil is still feeling the aftershocks of the great recession, with economic growth falling to 2.7 percent last year, after posting a 7.5 percent growth rate in 2010 following a flat 2009.

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