Arab Today, arab today brazil central bank cuts gdp growth forecast
Last Updated : GMT 15:56:52
Arab Today, arab today
Arab Today, arab today

Brazil Central Bank cuts GDP growth forecast

Arab Today, arab today

Arab Today, arab today Brazil Central Bank cuts GDP growth forecast

Brasilia - AFP

Brazil\'s Central Bank on Thursday cut its GDP growth forecast for 2012 from 1.6 percent to 1 per cent, confirming a marked slowdown in Latin America\'s biggest economy. In September, the Bank had already revised its forecast downward from 2.5 percent to 1.6 percent. Thursday, the bank also revised its inflation estimate for 2012 to 5.7 percent, up from 5.2 percent. The new projection is well above the official target of 4.5 percent. Market analysts have been predicting 1.5 percent GDP growth for Brazil this year, a projection similar to one by the International Monetary Fund in October. The IMF also expects Brazil to fare worse than its partners in the BRICS bloc of emerging powers, predicting 7.8 percent growth for China, 4.9 percent for India, 3.7 percent for Russia and 2.6 percent for South Africa. Brazil\'s economy grew just 0.6 percent in the third quarter of 2012 compared with the previous three months, signaling a weaker than anticipated recovery, the Brazilian statistics office said late last month. The economy lost steam last year due to the global slowdown, with GDP growth at 2.7 percent, down from a sizzling 7.5 percent in 2010.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil central bank cuts gdp growth forecast Arab Today, arab today brazil central bank cuts gdp growth forecast

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil central bank cuts gdp growth forecast Arab Today, arab today brazil central bank cuts gdp growth forecast

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday