Brazilian government lowers its 2020 GDP growth forecast

Brazil’s has just announced it lowered its 2020 gross domestic product growth forecast to 2.1% from 2.4%, citing the economic impact from the global coronavirus outbreak.

It also lowered its 2020 inflation outlook to 3.12% from 3.62%, and maintained its 2021, 2022, 2023 GDP growth forecasts at 2.5%, the Economy Ministry said.

Original Story: Reuters | Marcela Ayres/ Jamie McGeever 
Photo: Photo by Cesar Fermino in
Edition: Prime Yield