RIO DE JANEIRO, BRAZIL - The International Monetary Fund has sharply improved Brazil's growth outlook this year, citing its improved terms of trade while lowering its high estimate for 2022.
The IMF's World Economic Outlook report released Tuesday showed the fund now sees Brazil's gross domestic product growing 5.3 percent in 2021, 1.6 percentage points higher than its April estimate.
For 2022, however, the growth forecast was reduced by 0.7 points to 1.9%.
The improved scenario for the country this year helped guide the outlook for Latin America and the Caribbean to the economic . . .
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