BC revises 2020 GDP projection to -5.0%

Amid reassessments of the impacts of the new coronavirus pandemic on the Brazilian economy, the Central Bank (BC) updated its projection for Gross Domestic Product (GDP) in 2020. The expectation for the economy this year has gone from a decline of 6.4% to a contraction of 5.0%. The new estimate is included in the Quarterly Inflation Report (RTI).

Source: UOL Economia