Macroeconomy/Finance

Morgan Stanley cuts Ibovespa projection in 2020 after coronavirus escalation

The American bank Morgan Stanley reduced its projection for the Ibovespa in 2020 after the stock market crash caused by the advance of the coronavirus. The bank now estimates that the index will end the year at 85,000 points. In January, the projection for the end of 2020 was 125,000 points. In its new base scenario, Morgan Stanley considers that the country will face a sharp but temporary economic slowdown and a rapid recovery, without any further fiscal corrosion.

Source: Infomoney

Categories: Macroeconomy/Finance