IMF Cuts Brazil’s 2017 Growth Outlook to Near-Stagnation
- Brazil finance minister says economy will grow this quarter
- IMF also lowers growth outlook for Mexico, Latin America
This article is for subscribers only.
The International Monetary Fund more than halved its 2017 growth outlook for Brazil, citing weaker-than-expected activity in Latin America’s largest economy.
Brazil will grow 0.2 percent this year, compared with a prior forecast of 0.5 percent, the IMF said in an update of its World Economic Outlook. The fund is now more pessimistic than all but three of the 39 analysts Bloomberg surveyed and whose median forecast is 0.8 percent.