Similar Stories to Central Bank Says Analysts Cut Brazil Growth Forecast on Bing News

Business Insider, Business Insider
Mon, 09/01/2014 - 10:49am

Brasília (AFP) - Market analysts have cut their 2014 growth forecast for Brazil after Latin America's largest economy entered recession, the country's Central Bank said Monday.Analysts canvassed by the Bank revised down their annual forecast from 0.7 percent to 0.52 percent after the national statistics institute had Friday shown second-quarter GDP falling for a second straight quarter.The data included a revision into negative territory from an initial first quarter rise of 0.2 percent. A month ago, the analysts had forecast a 0.86 rise for 2014.

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