Friday, March 27, 2015

Analysts: Brazil's economy to suffer biggest contraction in 25 years | Fox News Latino

Financial experts expect Brazil's economy to shrink 0.83 percent in 2015, its biggest contraction since 1990, and inflation to climb to 8.12 percent, its highest level since 2003, according to the results of a Central Bank survey released Monday. The private economists, who were polled for the monetary authority's weekly Focus bulletin, had forecast an economic contraction for 2015 of 0.78 percent in last week's survey.

If their forecast proves accurate, Brazil's economy, which expanded 2.49 percent in 2013 and 0.2 percent last year, will post its worst result since gross domestic product contracted 4.35 percent in 1990.

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