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Argentina’s Economic Woes Could Reduce Brazil’s 2019 GDP Growth by 0.5 Percent

SÃO PAULO, BRAZIL – The Argentine crisis is having a strong impact on Brazilian Gross Domestic Product (GDP). The reason for this is the forty percent drop in Brazilian exports to Argentina in the first eight months of 2019 compared to the same period last year, say economist at the Brazilian Institute of Economics (IBRE).

“If it were not for the Argentine crisis, Brazilian GDP could grow 1.6 percentage points by the end of 2019,” say economists Luana Miranda and Mayara Santiago, from the Getúlio Vargas Foundation (FGV) economic policy and public policy’s think tank, IBRE.

According . . .

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