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

|By:, SA News Editor
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."