Research and analysis

Brazil: economy: the squeeze is on April 2014

IMF lowers growth forecast as Central Bank tightens interest rates.

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IMF cuts forecast for 2014 growth to 1.8%. Inflation exceeds 6% and Finance Minister admits it might rise still further during 2014. Central Bank raises interest rates to 11%. Further tightening expected. Consumers losing confidence. Former President Lula suggests growth plan needed. IMF calls for fiscal tightening and structural reforms, but these take time. Our monthly economic report is attached.

Published 16 April 2014