Brazil's Fraga sees 2002 GDP growth at 1 per cent

BRAZIL - Brazilian central bank head Arminio Fraga said he expects Brazil's economy, now suffering from the fallout of severe market turmoil, to expand at about 1 percent this year, less than previous forecasts, according to a research report by Goldman Sachs Reuters reports.

During a meeting with Wall Street analysts in New York earlier this week, Fraga said the Brazilian economy had softened and projected growth of around 1 percent for the year, plus or minus 0.25 percent, Goldman said in a

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