OECD slashes Brazil growth forecast

The OECD on Wednesday slashed its economic growth forecast for Brazil, citing political uncertainty and corruption worries. The Brazilian economy is now expected to contract by 4.3 percent this year, the Organisation for Economic Cooperation and Development said, against the 4.0 percent downturn it predicted only in February. The OECD's view is much more pessimistic than market expectations compiled by Brazil's central bank, which currently point to a fall of around 3.8 percent in gross domestic