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Montevideo, November 13th 2018 - 03:32 UTC

Tag: Brazilian market

  • Tuesday, July 17th 2018 - 09:30 UTC

    Brazilian market lowers 2018 economic growth to 1.5%, reveals central bank survey

    Brazil's finance minister, Eduardo Guardia, said the government's growth forecast for this year, stands at around 1.6%, well below the 2.5% of its previous forecast

    Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.