RIO DE JANEIRO, BRAZIL - The Brazilian GDP dropped 4.1% in 2020, registering the largest contraction since the start of the IBGE's current official records in 1996. According to a survey by Austin Rating, the country may slip to the 14th position in 2021.
With the historic 4.1% drop in GDP (Gross Domestic Product) in 2020, Brazil has left the ranking of the world's 10 largest economies and dropped to 12th place, according to a survey by Austin Rating agency. In 2019, Brazil ranked 9th. Because the ranking is always in U.S. dollars, and Brazil's . . .