International Olympic Committee suspends Indian Association following government interferencein IOA elections Our message remains but time is ticking. They (Rio organisers) need to carry on attacking this one with all vigour," IOC spokesman Mark Adams said after the first morning session of the executive board. One Olympic insider said the fear was that Rio was concentrating too much on hosting the FIFA World Cup in 2014 and that they believed, in error, that they could tack the staging of the Olympics onto the back of those plans. "This is not like London, Rio has to learn from the planning and preparedness of London, but they aren't showing any signs of haste," the insider said. Adams said the IOC Executive Board was concerned about the Brazilian economy which recently showed alarming signs of slowing, well down from its previous forecast of 3.6 per cent growth. The economy grew just 0.6 per cent from the second quarter, government statistics agency IBGE said last Friday. However, the Rio 2016 president Carlos Nuzman assured the executive board that the finances were well in order. He noted that the recent devaluation of the local currency against the US dollar was in line with the organising committee's own hedging plans.