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Brazil is the largest country in both South America and Latin America. Brazil's economy is the world's ninthlargest by nominal GDP and seventhlargest by GDP (PPP) as of 2015. A member of the BRICS group, Brazil until 2010 had one of the world's fastest growing major economies, with its economic reforms giving the country new international recognition and influence.
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The global mining equipment market size was valued at USD billion in 2017 and is anticipated to record a CAGR of % during the forecast period. Growing drilling and exploration activities across the globe are projected to drive the market over the coming years
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