RIO DE JANEIRO, BRAZIL - BNP Paribas has revised upward its forecast for Brazilian economic growth in 2021, arguing that global economic recovery will be more than enough to offset the negative impacts from domestic fiscal issues and the pandemic.
The bank now expects a 4.5% increase in Gross Domestic Product (GDP) in 2021, above the 3.2% consensus cited by the institution and the 3.52% rate reported in the Central Bank's Focus survey released on Monday.
Earlier, the private bank had estimated a 2.5% GDP growth, below overall market projections.
Global growth should contribute with over . . .
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