Brazil Flash: ”CB forecasts GDP to grow 3.0% in 2011 and 3.5% in 2012”

Summary

The just-released Inflation Report also sees 2012 inflation around 4.7%y/y-4.8%y/y, which is not very different from previous forecasts in spite of the deterioration of the global economic scenario, the moderation of domestic demand and the re-weighting of the IPCA.

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