Business

IMF and World Bank see trade as Brazil’s big opportunity

Amid the current moment of economic stagnation, executives from the IMF and World Bank told The Brazilian Report that Brazil should double down on trade.
Photo: Arquivo APPA

With over 90 percent of the world experiencing slow economic growth, uncertainty filled the corridors of the International Monetary Fund (IMF) and the World Bank during the 2019 Annual Meetings. Over the space of a week, leaders and experts from all over the world gathered in Washington D.C. to seek solutions for this widespread economic stagnation.

The situation in Brazil is especially worrisome, said IMF Chief Economist Gita Gopinath. The international organization announced the country is expected to grow only 0.9 percent in 2019—a substantial drop compared to initial predictions of 2.5 percent. Ms. Gopinath went on to say that...

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