By Maria Lopez Conde, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Economists from a range of financial institutions have lowered their economic growth forecasts for Brazil this year, predicting a weak GDP but also lower inflation than previously expected, according to the weekly Focus survey conducted by the country’s Central Bank, which was released last Monday (July 22nd).
Yesterday the Ministry of Finance reduced the GDP growth forecast for the Brazilian economy this year from from 3.5 percent to three percent.
However analysts lowered their expectations for Subscribe to our Premium Membership Plan. Already Subscribed? Login Here