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Showing posts with label Brazilian National Industry Confederation (CNI). Show all posts
Showing posts with label Brazilian National Industry Confederation (CNI). Show all posts

Wednesday, October 12, 2011

Industry group lowers Brazil's 2011 growth forecast to 3.4%

BRASILIA, Oct. 11 (Xinhua) -- The Brazilian National Industry Confederation (CNI) on Tuesday revised down its forecast for Brazil's economic growth this year to 3.4 percent from 3.8 percent due to the effects of the world economic crisis.

According to the CNI, Brazil's industry sector will also suffer from the ongoing debt crisis in the United States and Europe.