Weekly Report - 18 April 2013 (WR-13-15)

BRAZIL | Slashing forecasts for another year. On 15 April Brazil’s planning ministry announced that the government was reducing its official GDP growth forecast this year from 4.5% to 3.5%. This is the second consecutive year in which Brazil’s official growth forecast has been cut, suggesting that Brazil’s economic recovery following the 2008-2010 global economic crisis remains fragile.