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The “Brazilian Economic Outlook” Report is published by the Ministry of Finance. It consolidates and updates the main macroeconomic variables related to the Brazilian economy. The report is coordinated by the Economic Policy Secretariat (SPE) with the contribution of the following Ministry of Finance´s bureaus: National Treasury Secretariat (STN), International Affairs Secretariat (SAIN), Secretariat for Economic Monitoring (SEAE) and Federal Revenue Secretariat (RFB). Data used in the report were updated untilDecember 6th, 2012.