Brazil

Brazil Economy Stuck in Slow Motion

Growth in third quarter less than expected

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Brazil on Friday reported much slower economic growth in the third quarter than forecasters expected, piling pressure on President Dilma Rousseff to make deeper structural reforms and adding to fears that the global slowdown is hurting big emerging markets.

The economy expanded just 0.6 percent from the second quarter, government statistics agency IBGE said. That was just half the pace expected by financial markets, and below any of the forecasts by 42 analysts in a Reuters poll.