Brasília – Financial institutions reduced its forecast for the Brazilian economic growth this year for the eighth time in a row. The estimate for the growth of the Gross Domestic Product (GDP) now fell from 1.95% to 1.71%.
For 2020, there was also a reduction: from 2.58% to 2.50%. This was the fifth consecutive reduction. The GDP growth estimates for 2021 and 2022 remained at 2.50%.
These are the numbers from the Focus Readout, a weekly publication based on the financial institutions’ estimates upon the key economic indicators. The readout is published every Monday by the Central Bank of Brazil (BC, acronym in Portuguese) in Brasília.
Translated by Guilherme Miranda
PUBLICIDADE
