Day: January 21, 2020

Brazil rose to the fourth global investment destination in 2019

Brazil climbed from sixth to fourth among the main foreign investment destinations in the world in 2019, thanks to its program of privatisation of federal companies, according to a report from the United Nations Conference on Trade and Development (Unctad). Brazil received $ 75 billion in foreign investments last year, against $ 60 billion in 2018 (+ 26%) and the trend will continue in 2020 with the privatization of large companies such as Eletrobras and Telebras, the report says.

The last decade was one the worst for the Brazilian economy

The GDP of 83% of 193 countries grew faster than Brazil’s in the period 2010-2019, one of the worst decades of its economic expansion, according to a study by economist Marcel Balassiano of the Brazilian Institute of Economics of the Getulio Vargas Foundation (Ibre / FGV). Based on data from the IMF, the report establishes an average growth of 1.3% per year in that period, almost a third of the world average (3.8% per year).

Brazil’s GDP will grow 2.2% in 2020 according to the IMF

The International Monetary Fund improved its economic growth forecast for Brazil and projects a 2.2% increase in its GDP for this year and 2.3% by 2021. In its last “World Economic Outlook” the IMF says that this variation of 0.2% in relation to its projection in October 2019 is due to the approval of the Brazilian Pension Reform and improvements in the mining sector.