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Brazil’s industry reduces estimates for GDP and growth

RIO DE JANEIRO, BRAZIL - The National Confederation of Industry (CNI) recently released its economic report in which it revised its estimate for the gross domestic product (GDP, the sum of goods and services produced in the country) this year from 1.2% to 0.9%.

According to the new estimates, the company also reduced its economic forecasts for the industry, which is expected to produce 0.2% less this year than in 2021. In December, CNI calculated a growth of 0.5% this year.

"If this scenario is confirmed, it would be the seventh time in 10 years that the . . .

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