Credit rating firm Moody’s cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession.
It was a surprise move from the firm, coming just 10 days since its last forecasts. It put average growth in the top 20 world economies at 2.8 percent on average, versus the 3 percent it had forecast previously.
It said the fresh cut reflected information that had become available since the earlier forecasts were published.
Brazil Energy Insight 
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