Brasília – The financial market continues to reduce its estimate for Brazilian economy growth this year. For the 12th time in a row, the forecast for the Gross Domestic Product (GDP) growth slid. This time, the estimate was reduced from 1.45% to 1.24%. For 2020, the projection remained at 2.5%, as well as for 2021 and 2022.
The numbers come from this Monday (20) Focus Readout, a weekly report based on financial institutes perspectives about the main economic indicators. The report is published by the Central Bank of Brazil (BC).
Translated by Guilherme Miranda
