Brazil 2020 GDP outlook improves again to -5.8% – cenbank survey

BRASILIA, July 27 (Reuters) – The outlook for Brazil’s economy improved for the fourth week in a row, a central bank survey of economists showed on Monday, with signs of recovery from the worst of the crisis lifting some of the heavy gloom that had built up in recent months.

Brazil’s gross domestic product will shrink 5.8% this year, according to the central bank’s weekly ‘FOCUS’ survey of around 100 economists, compared with a GDP fall of 5.95% forecast last week and 6.5% a month ago.


By Jamie McGeever via Market Screener

Read full article here

Share This

Chamber Updates Stay connected with Chamber activities