{"id":42577,"date":"2012-09-13T16:18:00","date_gmt":"2012-09-13T18:18:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/finance-ministry-projects-2-gdp-growth\/"},"modified":"2019-06-30T13:18:09","modified_gmt":"2019-06-30T16:18:09","slug":"finance-ministry-projects-2-gdp-growth","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/finance-ministry-projects-2-gdp-growth\/","title":{"rendered":"Finance Ministry projects 2% GDP growth"},"content":{"rendered":"<p>Bras\u00edlia \u2013 The Brazilian Ministry of Finance has revised its Gross Domestic Product (GDP) growth projection down to 2% for this year. Thus far, the federal government was working with a 3% rate for 2012. The financial market had been working with the lower rate since July. <\/p>\n<p> This Thursday (13th), upon announcing new economic stimulus measures, the minister Guido Mantega admitted that the economy should not grow above 2% in 2012. The new rate is significantly lower than the 4%-plus growth projected early this year by the government. Financial market economists are forecasting a 1.6% GDP growth rate. <\/p>\n<p> When inquired about the ongoing price hike, Mantega maintained an optimistic outlook. \u201cThe reduction of interest rates lowers the financial cost, and ultimately drives prices down. The inflation is under control. We have had a supply shock [&#8230;]. There is no inflationary pressure in the country other than the supply shock-induced type. Through all of these measures, we will achieve a well-behaved inflation rate in Brazil in 2013,\u201d he guaranteed. <\/p>\n<p> <b>*Translated by Gabriel Pomerancblum<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bureau has revised its estimate of expansion for the Brazilian economy in 2012 downward. The government was formerly working with a 3% rate.<\/p>\n","protected":false},"author":2315,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-42577","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The bureau has revised its estimate of expansion for the Brazilian economy in 2012 downward. The government was formerly working with a 3% rate.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2315"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=42577"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/42577\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=42577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=42577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=42577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}