The Institute of Applied Economic Research has revised down the Brazilian economic growth in 2021 from 4.8% to 4.5%.
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The gross fixed capital formation indicator from the Institute for Applied Economic Research (Ipea) climbed 28.2% over April, after sliding for two straight months.
IPEA revised up its 2020 growth forecast for the sector based on good prospects of soy and coffee output.
Institute created nucleus with researchers to study the impact of science and technology on economy and society.