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After recent economic activity, Brazil government raises GDP 2021 growth projection to 3.5%.

RIO DE JANEIRO, BRAZIL - Banks and financial analysts have been reassessing the GDP outlook for this year since last week with the first-quarter economic activity indicators posting lower than expected drops, particularly in March.

This Tuesday, May 18, it was the government's turn to review its GDP outlook. With the activity indicator, particularly the rebound in the services sector, the government estimates that GDP will grow 3.5%, 0.3 percentage points more than the 3.2% projected in March.

According to the Ministry of Economy, growth should be greater starting in the second quarter, with the advance . . .

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