Brazil’s GDP is to contract 1.6% in 2020, says Moody’s

The coronavirus shock in the activity should result in a contraction of the 20 largest economies in the world, including Brazil. Risk rating agency Moody’s has revised its projections and now sees a 0.5% drop in G-20 GDP this year. In the case of Brazil, the agency now projects a 1.6% contraction in 2020, followed by a 2.7% growth in 2021.

Source: G1