Brazil’s benchmark index dipped into a bear market on March 14 after decreasing 20% from a October high but has since pared the fall to 16%. [Brazil ETFs: Close to Attractive, But…]

According to economists’ average estimates, Brazil’s economy is expected to expand 1.7% this year after growing 2.3% in 2013.

For more information on Brazil, visit our Brazil category.

Max Chen contributed to this article.