Brazil Forecasts Lower GDP Growth, Increased Inflation

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The government of Brazil has reduced its official estimate for the country’s economic growth (GDP) for 2014 and 2015, increased its forecast for the IPCA inflation index (Consumer Price Index) for both years, according to the Ministry of Planning.

“The GDP growth forecasts for 2014 and 2015 have been revised due to the deterioration of the international scenario in the last few months, with lower perspectives of growth of the main global economies,” stated the Ministry’s Assessment of Revenues and Primary Expenditures Report, released on Friday, November 21st . . .

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