The financial implosion that began in the United States has spread to Brazil, ending a three-year economic boom for the world's 10th largest economy. Buyers of yellow taxi cabs from Shopping do Taxi in Rio now have to pay three times as much to finance the purchases as they did in September. They also face a more rigorous credit-worthy standard. "Business was marvelous," said general manager Marco Thomaz. "But now I'm worried. Everybody in the automobile industry is worried." (Andre Vieira/MCT)
The financial implosion that began in the United States has spread to Brazil, ending a three-year economic boom for the world's 10th largest economy. Buyers of yellow taxi cabs from Shopping do Taxi in Rio now have to pay three times as much to finance the purchases as they did in September. They also face a more rigorous credit-worthy standard. "Business was marvelous," said general manager Marco Thomaz. "But now I'm worried. Everybody in the automobile industry is worried." (Andre Vieira/MCT) Andre Vieira / MCT
The financial implosion that began in the United States has spread to Brazil, ending a three-year economic boom for the world's 10th largest economy. Buyers of yellow taxi cabs from Shopping do Taxi in Rio now have to pay three times as much to finance the purchases as they did in September. They also face a more rigorous credit-worthy standard. "Business was marvelous," said general manager Marco Thomaz. "But now I'm worried. Everybody in the automobile industry is worried." (Andre Vieira/MCT) Andre Vieira / MCT

World impact: Economic crisis hits Brazilian consumers

November 09, 2008 2:07 PM

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