Brazil’s GDP expected to fall by 10% in Q2, says Ministry of Economy

The Ministry of Economy published a note in which it highlights that the Gross Domestic Product (GDP) for the second quarter is expected contraction around 8% to 10%. The latest projection released by the Ministry in July pointed to a 9.3% drop in GDP in the second quarter. For the year, the Secretariat Ministry expects a 4.5% drop in economic activity.

Source: Infomoney