Daily Archives: 7 October 2014

Anadolu Agency

SÃO PAULO — Disappointing levels of investment, confidence and competitiveness means Brazil’s economy will barely grow this year, according to a key report by the International Monetary Fund published on Tuesday.

The October edition of the global lender’s flagship World Economic Outlook report slashed its July estimate of 1.3 percent to 0.3 percent, which, if confirmed, would be the second worst performance by the Latin American economic powerhouse since 1998.

Currently the world’s seventh economy, Brazil should grow more in 2015, the report says, but still less than previously predicted, revising down a previous estimate of 2.0 percent to 1.4 percent.

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