S&P Global predicts negative Brazilian GDP at 0.7%

S&P Global Ratings predicts that Brazil’s Gross Domestic Product (GDP) should contract by 0.7% in 2020, with a downside risk, due to the economic impacts of the new coronavirus pandemic. “Brazil’s economic growth in 2020 will be seriously affected by the impact of Covid-19 locally and globally,” says the risk rating agency in a note.

Source: UOL Economia