Most optimistic Brazil GDP outlook in over a month: central bank survey
BRASILIA (Reuters) – The gloom surrounding Brazil’s economy lifted for a fifth week in a row, a central bank survey of economists showed on Monday, with the average forecast for 2020 gross domestic product now showing a decline of 5.7%.
That compares with -6.5% a month ago, and while it would still comfortably represent the steepest annual downturn on record, it is the most optimistic outlook since May.
By Jamie McGeever via Reuters