By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The World Bank reduced its forecast for Brazil’s economic growth this year to 0.3 percent in its latest World Economic Outlook report, released on yesterday (Monday, June 5th). The entity’s growth forecast is lower than the 0.5 percent growth forecast estimated by the market in Brazil’s Central Bank Focus Report.
“Activity indicators have improved, including resumption of industrial output growth and export expansion, as well as confidence gains,” says the World Bank report.
The report, however, stresses that Brazil should ‘slowly’ from the recession this . . .
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