Macroeconomy/Finance

World Bank projects 8.0% drop in Brazil’s GDP

The new coronavirus pandemic will cause economic activity in Brazil to shrink 8% in 2020, predicts the World Bank in a new report released on Monday, 8 June. A drop of this magnitude would be the biggest in 120 years, a period for which the institute statistics official, IBGE, has data on the evolution of the country’s Gross Domestic Product (GDP).

Source: Infomoney

Categories: Macroeconomy/Finance