Brazil economy intelligence firm LCA is worried about the country’s GDP. Their chief-economist Braulio Borges gave a pessimistic interview for the Estadao journal. Here are the highlights:

“Chances are that Brazil’s GDP between July and September was negative. The level of activity is in frank deceleration. The fourth quarter GDP can grow to only 0.5%, but with the effects of the global crisis on our domestic economy, it can turn out to be flat. If there is a significant credit contraction, Brazil GDP is expected expect to grow 2.9% in 2011. Then, as an aftermath of this weak GDP and carrying it over to the following year, the country might register growth of 3.2% in 2012.”
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