By Reuters
RIO DE JANEIRO, BRAZIL - Brazil’s public investment is grinding to a virtual standstill and could fall to a new record low below 0.5 percent of gross domestic product this year if the government is forced to tighten the squeeze on discretionary spending, the Treasury said on Monday.
This would be the lowest ever level of public spending as a share of the economy, and would represent a continued decline from 0.7 percent of GDP last year and 1.7 percent of GDP in 2014, the Treasury said.
The forecast accompanied figures that showed the central . . .
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