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Brazil market projects lower GDP expansion in 2021 and 2022 – Focus report

RIO DE JANEIRO BRAZIL - The median of the market projections for the growth of the Brazilian economy in 2021 went from 5.04% to 5.01% in the Focus Report of the Central Bank (BC), released on Monday (18) with estimates collected through the end of last week.

For 2022, the mid-point of the expectations for expanding the Gross Domestic Product (GDP) was reduced from 1.54% to 1.50%.

The Brazilian economy shrank 0.1% in the second quarter, according to the Brazilian Institute of Geography and Statistics (IBGE), in early September.

The median of the estimates collected . . .

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