Brazil cuts growth forecast, projects slower recovery

NAMPA / Xinhua

2026-09-23

BRASILIA, Sept. 22 (Xinhua) -- Brazil cut its 2026 GDP growth forecast from 2.3 percent to 2.0 percent on Tuesday, while anticipating a more gradual interest rate-cutting cycle and weaker economic activity during the second half of the year. In a Macro-Fiscal Bulletin, the Finance Ministry's Economic Policy Secretariat ascribed the downgrade to a slowdown in the services and industrial sectors, partially offset by the performance of the agricu......

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