Brazil’s economy needs to grow 4% in 2021 to recover from the pandemic

The Brazilian economy needs to grow at least 4% this year to offset the sharp drop in activity in 2020 due to the pandemic. The warning came from the economist of the Getulio Vargas Foundation (FGV). In the Monitor, the country’s GDP fell by 4% last year, with setbacks of 0.8% in the fourth quarter compared to the same quarter in 2019. In contrast, the indicator showed increases of 3.4% in the fourth quarter compared to the third quarter of 2020; and increase of 1% in December compared to November last year.

Source: Valor Investe