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Brazil's economic growth forecasts reduced to two percent in 2020

Christian Fernsby ▼ | September 17, 2019
The Brazilian financial market reduced forecasts for national economic growth to two percent in 2020.
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This is according to the Focus Bulletin, prepared by the Central Bank and released this Monday.

Topics: Brazil economic

Analysts predicted last week that Gross Domestic Product (GDP) growth would be 2.07 percent next year, while a month ago the forecast was 2.2%.

This decrease is related to the lack of trust among the business sector and the limitations of the government to increase public investment.

According to Focus, analysts maintained the growth forecast for this year at 0.87 percent, while inflation forecasts were changed from 3.54 to 3.45%. By 2020, inflation is expected to be 3.82 to 3.8%.

The forecasts are within the official target of 4.25%, with a tolerance interval of between 2.75 and 5.75 percent.