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Brazil Information Technology Q3 2018

Brazil Information Technology Q3 2018

BMI View:

As the recession ended and the real appreciated, there was strong IT spending growth in Brazil in 2017 as pent-updemand was unlocked after a sharp contraction 2015-2016. The outlook is for much more modest growth rates over the mediumterm against a backdrop of a sluggish economic recovery, and with downside from political risk. There are still opportunities insoftware and services, for instance, via cloud technology adoption that will be a key trend for the market and domestic industry.

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