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Sadia is one of the world’s leading producers of chilled and frozen foods. Established in Brazil in 194...
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Investment of the Growth Acceleration Plan should reach 19.5% of the GDP
Investment under the Growth Acceleration Plan (PAC) will reach 19.5% of Brazil’s Gross Domestic Product (GDP) this year, up on the 15.3% invested in 2003. The expectation, according to the Ministry of Planning, is that investment will continue to climb, reaching around 25% of GDP in 2014.
The information was announced by the PAC Secretary, Maurício Muniz Barreto de Carvalho. "It is significant growth. If we continue to grow at this rate, we will achieve the government’s goals for sustainable GDP growth," said Carvalho. He does not believe that a worsening global economic crisis will affect PAC investments.
27th Sept. 2011
