Brazil’s economy grew 0.2% in the first three months of 2014, official statistics show.<\/p>\n
The Brazilian Institute of Geography and Statistics also revised down economic growth in the last three months of 2013, to 0.4%.<\/p>\n
The sluggish growth figures come just before the start of the World Cup and presidential elections in October.<\/p>\n
President Dilma Rousseff, who is seeking re-election, has said the football event will spur growth.<\/p>\n
But high inflation and low business investment have put a damper on the expected lift from government investment in projects leading up to the sporting event.<\/p>\n
This has spurred protests from Brazilians angry over the expense of the World Cup and the lack of trickle-down growth.<\/p>\n
Business investment fell 2.1% in the first three months of 2014, the biggest decline in two years.<\/p>\n
“I couldn’t find anything positive at all in the [data],” said Bruno Rovai at Barclays.<\/p>\n
Brazil, which is Latin America’s biggest economy and the world’s seventh largest, has suffered from stubbornly high inflation, which remains at 6%, above the central bank’s target.<\/p>\n
On Wednesday, the central bank kept its key interest rate at 11% in an effort to combat rising prices.<\/p>\n
<\/p>\n
Source: BBC<\/p>\n","protected":false},"excerpt":{"rendered":"
Brazil’s economy grew 0.2% in the first three months of 2014, official statistics show. The Brazilian Institute of Geography and Statistics also revised down economic growth in the last three months of 2013, to 0.4%. The sluggish growth figures come just before the start of the World Cup and presidential elections in October. President Dilma […]<\/p>\n","protected":false},"author":5,"featured_media":21824,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[424,771,4,654],"class_list":["post-21823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-google-pixel","tag-immigration","tag-st-augustines-college","tag-upsa"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21823"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/21823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/21824"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}