Brazil's GDP growth is likely to contract

© Scanpix/FP

The GDP growth for Q3 is expected to be around zero while the largest market players such as Banco Itau and Banco Santander Brasil project a slight decrease in the economic growth of the country, according to Nelson Barbosa, the Finance Ministry's executive secretary. Some analysts claim the government is anticipating a slowdown after which it is likely to announce new stimulus for the economy, like reduction of required bank reserve and increase in financing for BNDES development bank.