Brazil economy to miss 2012 growth target: sources

Mon, 05/14/2012 - 13:36 EDT - Reuters - Business News

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BRASILIA/SAO PAULO (Reuters) - Senior members of Brazil's government now believe the economy will expand less than the official 4.5 percent forecast this year and are bringing internal projections more into line with private-sector estimates of about 3 percent growth, four officials told Reuters.

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Brazil economy to miss 2012 growth target: sources
BRASILIA/SAO PAULO (Reuters) - Senior members of Brazil's government now believe the economy will expand less than the official 4.5 percent forecast this year and are bringing internal projections more into line with private-sector estimates of about 3 percent growth, four officials told Reuters. Brazil's economy is set to expand slightly above the 2.7 percent growth rate of last year despite a barrage of government actions to revive consumption and industry, and an aggressive cycle of interest rate cuts that is driving borrowing costs close to a record low. ...
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Brazil economy to miss 2012 growth target: sources

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