According to the International Monetary Fund (IMF), Brazil is recovering from its worst economic crisis. The fund predicts a 1.9 percent growth in 2018, and 2.1 percent next year. That’s not too bad for a country that, just two years ago, was shrinking at a rate of 3 percent. However, not everyone is enjoying the recovery. While Brazil’s economy is showing signs of life, some states are still left struggling.
Tendências, a Brazilian consulting firm, has recently shown that between 2017 and 2018, Brazil’s GDP should accumulate an expansion of 3.9 percent. States like Pará and Mato Grosso, which rely heavily on agribusiness activities, should have an 8 percent growth over that span. However, in other states such as Acre and Rio Grande do Norte, the rate is going to be zero. You read that correctly: zero.