Brazil: central bank expects 1 pct growth in 2012

AP/ABC News, 12/20/2012

Brazil’s Central Bank has lowered its growth projection for 2012 to 1 percent in the latest sign of disappointment about economic performance.

Three months ago, the bank was predicting 1.6 percent growth this year. Earlier it projected 2.5 percent growth.

The bank’s statement on Thursday blames the lackluster economic performance of industrialized nations and continued uncertainty in the eurozone.

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