GDP Forecast Reduction Sends Brazilian Stocks Lower (EWZ)
Tweet
Share
E-mail
Brazilian stocks move lower again today, with the MSCI Brazil ETF (NYSE: EWZ) sliding 1.5 percent. The move contributes to a drop of 25 percent in the past 3 months.
Economists recently reduced their forecasts for 2012 growth in Brazil, dropping it from 3.2 percent to 3.09 percent, according to Bloomberg data from May 21st.
Strong efforts by the Brazilian government to foster growth there haven’t taken hold, although the economy experience "moderate" growth recently, according to the Brazilian central bank.
Economists recently reduced their forecasts for 2012 growth in Brazil, dropping it from 3.2 percent to 3.09 percent, according to Bloomberg data from May 21st.
Strong efforts by the Brazilian government to foster growth there haven’t taken hold, although the economy experience "moderate" growth recently, according to the Brazilian central bank.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tradr plans two inverse ETFs targeting Oracle and Applied Optoelectronics
- SoFi launches new income-focused ETF based on member stock holdings
- Crude Inventory Rose 3 Million Barrels Last Week - EIA
Create E-mail Alert Related Categories
ETFsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
