Brazil’s GDP Growth Rate May Contract by 2.44 Percent in 2015

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Estimates by financial analysts for Brazil’s Gross Domestic Product (GDP) growth rate in 2015 have deteriorated further, from a contraction of 2.01 percent at the beginning of August to 2.44 percent last week, according to the latest Focus Survey, released by the Central Bank. This is the eight consecutive time the GDP growth rate has declined. For 2016 the growth rate forecast went from a contraction of 0.4 percent to a contraction of 0.5 percent.

The weekly survey conducted with a hundred bank analysts also . . .

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