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Fitch cuts its 2012 GDP forecast for Brazil to 2.8% from 3.5%, noting the recent weakness in the...

Fitch cuts its 2012 GDP forecast for Brazil to 2.8% from 3.5%, noting the recent weakness in the country's economic data and the potential of a hard landing in China causing softness in the commodity sector. The agency says Brazil's BBB rating remains "well supported by strong international reserves."
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