Macroeconomy/Finance

JP Morgan projects a 1% GDP contraction in 2020

The banks JP Morgan and Goldman Sachs started to foresee a contraction of the Brazilian economy this year, with the GDP affected by the effects of the coronavirus. The most conservative is JPMorgan, which projects a 1.0% decline in GDP in 2020 (compared to previous expectations of 1.6% growth), with a “deep recession” in the first half.

Source: G1

Categories: Macroeconomy/Finance