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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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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