IMF predicts Brazilian GDP will grow only 0.3% in 2014

For the sixth time in a row, the International Monetary Fund cuts down its forecast for 2014 economic growth in Brazil. In July IMF projected an expansion of 1.3%, now it expects only  0.3%.

This figure, if  confirmed, will be the second worst GDP result since 1998. The poor performance for this year will only be better than the 0.3% drop recorded in 2009.

Amidst presidential elections, the economy is one of the top issues to be discussed.

Published by Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists Group. She has a PhD in Economic History and advises companies and investment agencies in international business development.She served as Corporate Relations Director and later, on the board of the Brazilian Investment Analysts Association (APIMEC).

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