World Economy

WB Lowers Brazil Growth

WB Lowers Brazil GrowthWB Lowers Brazil Growth

The World Bank reduced its forecast for Brazil’s economic growth this year to 0.35 in its latest World Economic Outlook report. The entity’s growth forecast is lower than the 0.5% growth forecast estimated by the market in Brazil’s Central Bank Focus Report, Yahoo reported. “Activity indicators have improved, including resumption of industrial output growth and export expansion, as well as confidence gains,” the WB report says. “The country continues to struggle against the growth of unemployment and the considerable needs for fiscal adjustment,” concludes the report.



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