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Brazil’s central bank trims 2021 GDP growth forecast to 3.6%, cites pandemic – Metro US

Brazil’s central bank trims 2021 GDP growth forecast to 3.6%, cites pandemic

Outbreak of the coronavirus disease (COVID-19), in Rio de Janeiro
Outbreak of the coronavirus disease (COVID-19), in Rio de Janeiro

(Corrects second paragraph to say $2 billion surplus, not deficit)

BRASILIA (Reuters) – Brazil’s central bank trimmed its economic growth outlook for this year to 3.6% from 3.8% in its prior forecast, according to its latest quarterly inflation report on Thursday, citing “above-usual uncertainty” surrounding the pace of recovery.

The central bank also said that various measures of underlying inflation are at levels above the range compatible with meeting its inflation goals, and added that it expects a current account surplus of $2 billion this year, which would be the first surplus in 14 years.

(This story corrects second paragraph to say $2 billion surplus, not deficit)

(Reporting by Jamie McGeever; Editing by Toby Chopra)

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