By Lise Alves, Contributing Reporter

SÃO PAULO, BRAZIL – Forecasts on the growth of Brazil’s economy decreased further this week, with the International Monetary Fund (IMF) reducing its growth forecast from 1.8 percent (in April) to 1.3 percent on Thursday. This is the fifth time this year the IMF has reduced its forecast of Brazil’s economic growth.

For the international organization, restrictive financial conditions and decreasing business and consumer confidence are delaying investments and reducing . . .

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