By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – The Banco Central (BC, or Central Bank) of Brazil released its Fourth Quarter Inflation Report Tuesday, morning December 23rd, forecasting the annual GDP growth for 2014 at 0.2 percent. The estimate is higher than market estimates, which call for a growth of 0.13 percent for 2014.
This is the third time the institution has decreased its economic growth forecast this year. During the first quarterly report, in March, the GDP growth forecast was at two percent, falling to 1.6 percent in June, at the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here