Brazil’s economic growth slows 2012

Brazil’s gross domestic product increased by just 0.6% in the third quarter from the second, despite the stimulus and sharp interest rate cuts. Economists in a Reuters poll had expected Brazil’s GDP to increase by 1.5% while a Bloomberg survey put the rise at 1.2%. Agriculture and livestock farming grew the most, at 2.5%, while industry advanced by 1.1% and services remained flat quarter-on-quarter, the Brazilian statistics office IBGE said in a statement. Read Article