Brazil GDP decline set for less than feared at 5.8%: IMF
WASHINGTON: Brazil’s economy is set to shrink by 5.8 per cent in 2020, the International Monetary Fund said on Monday (Oct 5), revising up an earlier forecast but warning the country faced “excpetionally high” risks.
“The economy is projected to shrink by 5.8 per cent in 2020, followed by a partial recovery to 2.8 per cent in 2021,” the IMF said in its annual report on Latin America’s largest economy.
Via CNA