Market Report, "Brazil Food & Drink Report Q1 2014", Published
We have revised down our 2013 real GDP growth forecast to 2.0%, from 2.6% previously, as economic activity data remains weak, interest rates are set to continue heading higher, and our Infrastructure team increasingly believes that numerous projects are unlikely to be completed in advance of the end of the government's PAC II growth acceleration programme and the FIFA World Cup in 2014.
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