Bradesco sees Brazilian GDP contracting -2,0% in 2015

Bradesco, one of Brazilians leading banks,  just revised the Brazilian real GDP growth forecast to -2.0% in 2015, from -0.7%. Changes reflect the worsening outlook for interest rates and inflation. They are also revising  2016 GDP estimate to 0.8%, from 1.4%. At the beginning of the year, consensus was still at a positive level (0.5%). ThatContinue reading “Bradesco sees Brazilian GDP contracting -2,0% in 2015”