Goldman Sachs on Friday revised a wide range of its forecasts for Brazil’s economy to reflect slowing growth and cooling inflation, as the global outlook has deteriorated and local economic data have softened “more and faster” than anticipated. 
“We believe that the risks to economic activity, inflation, and interest rates in Brazil are also skewed to the downside,” Goldman said in a report. “The challenges faced by advanced economies, global growth and, possibly, commodity prices may be lower than our central forecasts for the global economy currently acknowledge.”  

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