Macroeconomy/Finance

FGV estimates 7% drop in economic activity in Brazil

The impact of the new coronavirus caused Brazilian economic activity to contract by 7% in April, estimates the Ibre / FGV, which released the first preview of the Economic Activity Index (IAE). The record drop in the historical series is in relation to the result of March, the month that had already suffered less intensely the reflexes of the economic stagnation, with a decrease of 4.6% compared to February.

Source: UOL Economia

Categories: Macroeconomy/Finance