Economists turn bullish on Brazil 2017 growth as interest rates fall

Several economists are turning bullish on a return to growth in the Brazilian economy following months of downward revisions to forecasts as slowing inflation fuels bets on aggressive interest rate cuts.

The upswing in confidence suggests Latin America’s largest economy may finally be heading for a recovery from a brutal two-year recession after frustrated expectations of a rebound last year.

This week, economists at Credit Suisse Securities revised upwards their forecast for gross domestic product (GDP) growth in 2017 to 0.2 percent from zero.

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