Ipea revises down agro GDP growth for 2020 and 2021 to 1.5% and 1.2%

Ipea revised downwards projections for agricultural GDP growth for 2020 and 2021. The new estimates point to agricultural GDP expansions of 1.5% and 1.2% in 2020 and 2021 respectively. Previous projections pointed to higher growth of 1.9% and 2%. The revised 2020 estimate is explained by declines in November projections for items such as crops and livestock.

Source: Reuters