Analysts of the financial market are again forecasting a retraction of the GDP in 2009. The estimate went from a 0,21% growth to a 0,26% retraction. The information is contained in the Focus bulletin, a weekly publication of the Central Bank (BC), based on the projections of analysts in the financial market and in economic indicators.
The pessimistic estimate was presented after the Brazilian Institute of Geography and Statistics (IBGE), released last Wednesday, that the Brazilian economy grew 1,3% in the third quarter of the year in comparison to the previous quarter. Analysts and the Finance Minister, Guido Mantega were expecting a 2% growth in the third quarter.
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