IMF Cuts Brazil GDP Forecast as Supply Constraints Accumulate
This article is for subscribers only.
The International Monetary Fund cut its forecast for growth in Brazil, saying supply constraints could limit the pace of a recovery under way in Latin America’s biggest economy.
Gross domestic product should expand 3 percent this year, down from a forecast of 3.5 percent made in January, the IMF said in its World Economic Outlook today, in which the fund also trimmed forecasts for U.S. and global growth. The Washington-based lender has cut its Brazil forecast three times since predicting 2013 GDP growth of 4.6 percent in July 2012.