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Economy

Savings see 3rd largest net withdrawal in Brazil’s history

Among the reasons behind the phenomenon are low yields, higher indebtedness among Brazilians, and the end of the government’s emergency allowance for low-income families.

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Economy

Brazilians withdrew $1.5 billion more than they saved in January

In a month traditionally marked by education costs and taxes, Brazilians once again withdraw money from their savings accounts.

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