Brazil GDP Estimate Lowered to 2%: Daily

By Lucy Jordan, Senior Contributing Reporter

BRASÍLIA, BRAZIL – Finance Minister Guido Mantega revised Brazil’s economic growth forecast for this year to two percent Thursday, from an earlier estimate of three percent. The downgrade comes as a response to Brazil’s continuing struggle with an economy that has stagnated over the past 18 months, growing just 2.7 percent in 2011, down from 7.5 percent in 2010, as it faces shockwaves from the global economic crisis and

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?