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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Brazil’s Planning Ministry has reduced its growth forecast (GDP) for the country’s economy in 2015 from 2 percent to 0.8 percent. The reduction in estimate comes only weeks after the government had announced it had revised its GDP growth estimate for next year from 3 percent to 2 percent. The new estimate was sent to the Congressional Budget Committee and will be incorporated in the 2015 Budget Bill now under discussion in Congress.

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