Weekly Report - 13 December 2005

BRAZIL | Growth outlook trimmed back. In the wake of the contraction reported in the third quarter [WR-05-48] the government's institute of applied economic research, Ipea, has lowered its GDP growth forecast for this year from 3.5% to 2.3%. It attributed the lowering of expectations to the cutback in investment in machinery and equipment 'as a result of the political crisis'. Ipea left open the possibility that the slowdown 'may be partially reversed in the future'.

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