Daniel Lima      Reporter Agência Brasil

Brasília – At the beginning of the year, the Ministry of Finance set its target for 2012 GDP growth at 4.5%. Yesterday, the minister of Finance, in testimony before the Senate Economic Affairs Committee, admitted it would be less. Guido Mantega said the Brazilian economy would grow 4%.

That 4% is still more optimistic than the market’s forecast. The latest weekly financial market survey found that institutions and brokers are working with GDP growth in 2012 of slightly more than 3% (3.09%, to be exact).

Allen Bennett – translator/editor The News in English

Link - Mantega reconhece que PIB crescerá menos do que o governo previa