Brazil’s gross domestic product is likely to expand by 0.3% this year, a bit higher than the previously projected 0.2%, the International Monetary Fund said Monday in its quarterly report called Global Economic Perspectives. The IMF cited unexpectedly robust first quarter growth for the change in its perspective. But 2018 growth will creep up to only 1.3%, not the 1.7% previously projected, the report said. The IMF cited continuing political uncertainties for its altered 2018 perspective. Brazil suffered two straight years of recession in 2015 and 2016.
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