Brazil's new middle class faces plunge back to poverty

As part of a wave of poor Brazilians to enter a basic sort of middle class in recent years, Monica de Oliveira was a Latin American success story, but for how much longer?Brazilian Monica de Oliveira thought she’d forever left behind those days of worrying about getting her daughter new clothes. As part of a wave of poor Brazilians to enter a basic sort of middle class in recent years, de Oliveira was a Latin American success story. Biting recession in the world’s seventh biggest economy is starting to undermine the country’s widely lauded progress in dragging some 40 million people out of poverty, starting in 2003.

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