Bloomberg News

Safra Corretora Cuts Brazil 2012 GDP Estimate to 2.6%

May 29, 2012

Safra Corretora reduced its estimate for Brazil’s gross domestic product expansion this year to 2.6 percent from 2.9 percent previously, according to an e-mailed report signed by strategist Marcelo Portilho.

The Sao Paulo-based brokerage also cut its forecast for inflation in 2012 to 4.9 percent from 5.2 percent, Portilho said in the report.

To contact the reporter on this story: Josue Leonel in Sao Paulo at jleonel@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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