Moody’s cuts Brazil’s GDP to 1.8% in 2020

Moody’s reduced Brazil’s GDP projection from 2.0% to 1.8% due to the impact of the coronavirus. Moody’s said the coronavirus will hamper economic growth in many countries over the second quarter. According to the agency, the resumption of normal economic activities will depend on how long it will take to contain the global spread of the virus.

Source: Infomoney