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 . . .