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.
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How will election impact Brazil GDP?