By Sarah Brown, Contributing Reporter
RIO DE JANEIRO, BRAZIL - Research from Banco Central (BC, or Central Bank of Brazil) shows that the projected growth of GDP has fallen, while forecasts for inflation rates has increased, indicating a persistent decline in Brazil’s economy. For the seventh week straight, economists at the Banco Central have cut GDP projection growth for 2014 to 1.05 percent from 1.07 percent in the previous week.
This comes after three weeks of stability, but the deterioration of past predictions emphasizes the continuation of the Subscribe to our Premium Membership Plan. Already Subscribed? Login Here