"Brazil Food & Drink Report Q3 2013" Now Available at Fast Market Research
We have downgraded our estimate for 2012 real GDP growth in Brazil to 1.0% (from 1.5% previously), as Q312 data indicate that the economic recovery is progressing more slowly than we expected. However, we continue to expect a significant pickup in economic activity in 2013. We forecast real GDP growth of 3.5%, as we expect a construction backlog to bolster growth and continued stimulus measures to modestly boost activity in the consumer and manufacturing sectors.
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