The International Monetary Fund expects the Brazilian GDP to shrink by 5.8% this year. The former forecast had been 9.1%.
Browsing: recession
The International Monetary Fund predicts 3% contraction of the world economy, with GDP shrinking 5.3% in Brazil and 2.8% in the Middle East. Next year, economies are expected to bounce back, provided that policies prove effective.
United Nations Economic and Social Council estimates that the world will go through a recession in 2020 due to COVID-19, with sectors such as retail, hospitality and transport being strongly affected.
Several Arab countries made their announcements this Monday (16), in the wake of a historical interest rate cut put in place by the United States.
