Government Not Successful in Fighting Economic Slowdown as Troubles Mount and Brazil Growth Slows

Brazil cuts growth forecast to 3%

The Brazilian government said it was cutting its economic growth forecast for this year from 4.5 percent to three percent due to the impact of the global slowdown. The figure was still higher than the 2.5 percent predicted by the Central Bank or analysts’ expectations of 2.05 percent. | Democracy, elections and voting at Democracy Chronicles