Brazil's GDP growth to slow down to 0.9 pct in 2019Christian Fernsby ▼ | October 12, 2019
Brazil's gross domestic product will grow 0.9 percent this year due to slow economic recovery, down from 1.1 percent in 2018, the country's top industry confederation said.
GDP The general government debt-to-GDP ratio will rise 78.4 percent in 2019
Topics: brazil gdp
The report also showed a disconnect between the growth rates of consumption and industrial production.
"Retail sales have been growing, but this has not spread to industry, which continues to be almost stagnant mainly due to the lack of competition," said Flavio Castelo Branco, executive manager of the economic policy unit at the CNI.
Brazil's unemployment rate is projected to drop to 11.9 percent, a decrease of 0.4 percent compared with 2018, said the report.
The CNI also estimated that the general government debt-to-GDP ratio will rise from 77.2 percent in 2018 to 78.4 percent in 2019. ■