The Brazilian economy collapses with Bolsonaro: 2.4% growth between 2020 and 2022 vs. global average of 7.6%

The Brazilian economy collapses with Bolsonaro: 2.4% growth between 2020 and 2022 vs. global average of 7.6%

International Monetary Fund estimates that reduced Brazilian GDP should grow by just 2.4% from 2020 to 2022 versus 7.6% of the global average and much lower than other emerging countries (9.5%)

247 – The International Monetary Fund lowered its cumulative GDP growth estimates for the period from 2020 to 2022 while maintaining projections indicating cumulative global growth (7.6%) and emerging countries (9.5%). According to the institution, Brazil’s gross domestic product should grow 2.4% in total, down 0.5 percentage points from its July estimate, when the fund had collected 0.9 percentage points from its economic growth forecast.

According to a press report Economic valueThe fund also revised upwards its forecast for Latin America, from 1.5% to 1.8%, and Brazil saw a drop in its forecast. Previously, it was expected that the Brazilian economy would grow twice as much as in Latin America. With the revision in October, that increase was reduced to only a third of the previous forecast.


a The reduction is linked to lower odds for next year, when the International Monetary Fund expects Brazil to grow by just 1.5%, versus 1.9% in the previous estimate. For this year, the foundation cut its forecast by 0.1 percentage point, to 5.2%. For the IMF’s chief economist, Gita Gopinath, the downgrade in the Brazilian outlook is mainly linked to an increase in the policy rate to try to contain high inflation.

According to the report also, “In comparing 30 of the world’s major economies, the 0.4 percentage point reduction suffered by the Brazilian forecast for the coming year, from July to October, was not only greater than that of Thailand (1.6 points) and the Philippines.” (0.7 points)”.

See also  Serasa initiates a name scan procedure for R$100 and within 3 minutes

Sign 247And Support PixAnd Subscribe to TV 247, no channel 247 And watch:

Free knowledge groups. know more. follow us no cable.

to you who came here, Thank you very much for rating our content. Unlike corporate media, the 247- Brazil it’s at TV 247 They finance themselves through their own community of readers and viewers. You can support TV 247 and Brasil 247 in different ways. See how at

Support 247

You May Also Like

About the Author: Camelia Kirk

"Friendly zombie guru. Avid pop culture scholar. Freelance travel geek. Wannabe troublemaker. Coffee specialist."

Leave a Reply

Your email address will not be published. Required fields are marked *