Business

Brazil’s GDP could shrink after Q1 2019

Brazil's GDP could shrink after Q1 2019

Six months ago, market operators predicted a 3 percent growth for Brazil’s GDP this year. Now, it seems more consensual that Brazil will grow at a disappointing rate of 1%. The Central Bank’s Economic Activity Index showed a 0.73-percent retraction in the economy in February against January, leading banks to forecast a decline of the GDP for 2019’s first quarter—official results will be published on May 30.