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Brazilian footwear retailersx forecast for 2010 an increase higher than the expansion of the GDP of the country. It is expected that the national economy will grow 5%; but the footwear retail market is already working with a 10% forecast, as a result of the stabilization of the economy,the increased credit offer and the confidence of the consumer.
Marconi Leonel Matias dos Santos, President of the Brazilian Footwear and Leather Goods Retailers Association (ABLAC), says: “The economic scenario at the beginning of the year is favorable and should continue over the forthcoming months".
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