Brazil's government cuts 2016 growth forecast to 1.0pc

27 May, 2015

BRASILIA: Brazil's Planning Ministry cut its forecast for 2016 economic growth to 1.0 percent, from 1.3 percent previously, according to slides shown during a Congressional hearing with minister Nelson Barbosa on Wednesday.

The forecast is in line with market expectations compiled by the central bank.

Copyright Reuters, 2015

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