By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Although Brazil’s economy will still register a contraction this year, the decline will be lower than expected, according to risk agency Fitch. Its Global Economic Scenario report released on Wednesday estimates that the country’s economic contraction would total 3.3 percent in 2016, instead of the 3.8 percent estimated in March.

The report with forecasts for the global economy for the next few months estimates that with the stabilization of commodities prices the economies of emerging nations such as Brazil will improve.

“The stabilization of global commodities . . .

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