Market projects a slower GDP recovery in Brazil for the 6th consecutive week

For the sixth consecutive week, financial market analysts are projecting a slower pace of economic recovery in 2021. According to the Focus Bulletin, released on Monday, April 12th, by the Central Bank, the GDP should rise 3.08% this year. Last week, the projection was 3.17%.

RIO DE JANEIRO, BRAZIL - The readjustment of expectations happened as the cases of Covid-19 were increasing in the country, starting at the end of February.

At the beginning of the year, the projection of growth reached 3.50%, but, after the greater restrictions of governors and mayors to try to decrease the contagion of the new coronavirus, projections began to decrease. Despite showing less optimism, there is a bet on recovery, since in 2020 the Brazilian economy retreated 4.1% after the initial shock of the Covid-19 on economic activities.

The market's forecast for GDP in 2021 . . .

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