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Government revises down Brazilian GDP forecast

Christian Fernsby ▼ | January 16, 2020
The government raised its 2019 and 2020 Brazilian economy growth forecast.
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Gross Domestic Product (GDP) was revised up from 0.9% to 1.12%.

Topics: Brazil GDP

In 2020, GDP is expected to widen by 2.40%, from the previous 2.32% forecast.

The forecasts are in the Macro Fiscal Bullet made public this Tuesday (14) by the Secretariat of Economic Policy of the Ministry of Economy.

The ministry reported that the activity indicators have presented results above the market expectations, especially in the sectors of services, commerce, and construction, which explains the upward revisions of the economic growth predictions.