July 12, 2019 / 1:23 PM / 9 days ago

Brazil halves 2019 economic growth forecast to 0.8% from 1.6% - Economy Ministry

BRASILIA, July 12 (Reuters) - Brazil’s government slashed its economic growth forecast for this year to 0.8% from 1.6%, the Economy Ministry said on Friday, in line with the central bank’s forecast and the consensus outlook of economists.

The government also lowered its 2019 inflation projection to 3.8% from 4.1%, the Economy Ministry said, also in line with market expectations. (Reporting by Marcela Ayres Writing by Jamie McGeever Editing by Chizu Nomiyama)

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