brazil cuts 2017 growth forecast from 1 to 05
Last Updated : GMT 09:07:40
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Egypt Today, egypt today
Last Updated : GMT 09:07:40
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Brazil cuts 2017 growth forecast from 1% to 0.5%

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Egypt Today, egypt today Brazil cuts 2017 growth forecast from 1% to 0.5%

Brazil economy
Brasília - Arab Today

 Brazil cut its 2017 economic growth forecast Wednesday from one to 0.5 percent, indicating a drop of confidence in a quick exit from the country's worst recession in history.

The government had already scaled back its forecast last November from 1.6 percent. However, the finance ministry still remains bullish that Brazil will reenter positive territory, predicting 2.5 percent growth in 2018.

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brazil cuts 2017 growth forecast from 1 to 05 brazil cuts 2017 growth forecast from 1 to 05



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