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IMF Reduces Brazil’s Growth Projection to 1.4 Percent in 2018

By Jay Forte, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Despite the strong showing for Jair Bolsonaro and his pro-market reform party in Sunday’s general election in Brazil, the economy is expected to grow less in 2018 and next year, according to updated estimates of the International Monetary Fund's (IMF) World Economic Outlook report released today (October 9th).

The estimate for the expansion of the Gross Domestic Product (GDP), the sum of all the goods and services produced in the country, was 1.4 percent this year, a reduction of 0.4 percentage point in relation to July . . .

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