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The people of Brazil didn’t get much for hosting the World Cup, other than a bad economic deal and a couple of existentially gruesome national sporting humiliations. They did get a few extra days off—but even those, alas, aren’t free.
Industrial output in Brazil likely edged up in July as factories tried to make up for days lost to holidays during the World Cup football tournament, a Reuters poll showed on Monday….
Industrial production plunged 1.4 percent in June from May, partly because many cities declared public holidays on World Cup game days to prevent traffic problems and other logistical issues.