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Brazil’s Economic Growth Forecast Rises to 0.87 percent This Year

RIO DE JANEIRO, BRAZIL - The financial market increased the projection for economic growth and reduced the inflation estimate for this year.

According to the Focus bulletin, a survey released every week by the Central Bank (BC), the forecast for the expansion of Gross Domestic Product (GDP) - the sum of all goods and services produced in the country - was adjusted from 0.80 percent to 0.87 percent in 2019.

According to the survey, the forecast for 2020 remained at 2.10 percent. For 2021 and 2022 there was also no change in the estimates of 2.50 percent.

The estimate . . .

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