Posts
Brasilia's economic woes continue...as GDP declined in March by 0.35...for the 3rd straight month.
The economy remains mired in recession...since Q2 of 2011...despite a weakening currency...and the central bank's continued slashing of its benchmark interest rate...to a near record low.
Officials now hope for 3% growth in 2012...down from a previously optimistic 4.5%.
