Global Macro-Market Outlook
Brazil Outlook Update: A New Model for Monetary Policy
Sep 21, 2011
| Last Updated
- We have reduced our GDP forecasts for 2011 and 2012 based on a heightened developed market (DM) recession risk.
- Despite the slowdown, we have revised our inflation forecast up on concerns over structural issues, global turmoil (BRL depreciation) and a departure from orthodox monetary policy.
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