OECD growth forecast for Brazil eases

The Organization for Economic Co-operation and Development revised its 2018 projection regarding the Brazilian economy from 2% to 1.2%.

Agência Brasil

Brasília – The Organization for Economic Co-operation and Development (OECD) released this Thursday (20) its forecast regarding economic growth in Brazil. It expects Brazil to see 1.2% growth in 2018. The number is down 0.8 percentage point from May’s 2% forecast.

In 2019, the OECD estimates that Brazil’s Gross Domestic Product (GDP) will widen by 2.5%, down from a prior 2.8% forecast.

It argues that growth in emerging economies is becoming dispersed “GDP growth held up in China and India in the first half of 2018 but slowed in a number of other economies, including Brazil.”

The OECD expects the global economy to grow by 3.7% this year and the next, with widening disparities between countries, unlike the widespread expansion from late 2017 and early 2018. Compared with May forecasts, the 2018 world economy forecast is down 0.1 percentage point, and the 2019 forecast is down 0.2 percentage point.

Translated by Gabriel Pomerancblum

Marcos Santos/USP

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