Economists trim Brazil 2013 GDP growth forecasts - survey

SAO PAULO Mon Jan 14, 2013 5:34am EST

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SAO PAULO Jan 14 (Reuters) - Economists trimmed their forecasts for Brazil's economic expansion this year to 3.20 percent from 3.26 percent, a weekly central bank survey showed on Monday.

Analysts slightly raised their forecasts for inflation, to 5.53 percent from 5.49 percent.

The government targets inflation at 4.5 percent, with a tolerance margin of 2 percentage points in each direction.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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