Brazil 2020 growth forecasts cut to new low, despite pension reform progress: survey

Economists cut their 2020 Brazilian economic growth forecasts to a new low, a central bank survey showed on Monday, despite Congress delivering a major breakthrough on pension reform that most analysts say should boost business sentiment and activity.

The average forecast from 72 economists in the central bank’s weekly ‘FOCUS’ survey for the week ending July 12 was for the economy to expand 2.10% next year, down from 2.20% the week before.

Continue reading

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.