Withdrawals from employee savings accounts spur spending.
BLOOMBERG.COM

It was good while it lasted. Brazilian retailers reported results that beat analysts’ estimates last quarter, in large part due to a $13 billion government stimulus. Now they’re debating how to keep it going. “This liquidity injection in the economy was very good,” Frederico Trajano, chief executive officer of Magazine Luiza SA, said in a phone interview. “The government needs other measures like this one, which are not so expensive, and inject money into the economy because we need this to get out of recession.”

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