Brazil central bank admits “a lot of work must be done” to bring down inflation

Wednesday, October 2nd 2013 - 07:54 UTC

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Inflation in Brazil will remain stubbornly high well into 2015 even as the economy struggles to gain steam, the central bank said in its quarterly inflation report. The bank also revised down its estimate for economic growth to 2.5% for this year from a previous 2.7% forecast. The bank sees growth keeping that pace until the second quarter of 2014. Read full article

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Brasileiro
The Central Bank reduced the growth outlook because it must align to the market, but loses credibility. But we all know that in 2013 Brazil will grow above 3%.. A new cycle of economic growth is just beginning. Until 2025, Brazil will double in size.
Oct 02nd, 2013 - 09:44 am - Link - Report abuse 0
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ChrisR
For the economy of Brazil to double in 12 years requires SIX PERCENT GROWTH each year for every year.

I don't think that is going to happen.
Oct 02nd, 2013 - 05:07 pm - Link - Report abuse 0
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