Brazil’s real dropped 1.5 percent against the dollar this week on the heels of lowered growth forecasts for the nation, according to media reports. In a weekly central bank survey, financial analysts in
Brazil reduced their GDP growth forecasts for this year down to 0.4 percent from 0.5 percent.
Additionally, inflation forecasts for 2015 increased to 6.6 percent compared to previous estimates of 6.56 percent, while reports of consumer prices for the full-year 2014 came in at a 6.41 percent rise, within the “preferred range” of 2.5 percent to 6.5 percent.