Third Time May Be a Charm For Brazil’s Upbeat Growth Forecasts

(Bloomberg) -- Brazil’s economy has missed expectations for two consecutive years, but investors and the government think it will be different this time.The central bank on Thursday raised next year’s growth forecast to 2.2%, bringing it in line with expectations from economists it surveys. Yet the sense of deja-vu is undeniable: estimates also stood above 2% at the beginning of 2018 and 2019 only to disappoint later, with gross domestic product expanding little more than 1% each yea