Brazil Daily

Analysts slash Brazilian growth forecasts once again

The coronavirus outbreak leads to more pessimism around Brazil’s 2020 growth. How the outbreak can disrupt the Latin American economy. The Bolsonaro-Congress budget dispute settled—almost.

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Economists jump the gun, slashing forecasts before official GDP data

This morning, Brazil’s official statistics agency will publish the country’s official GDP data for 2019. Before the results are even released, however, pessimism toward Brazil spread through markets. Goldman Sachs drastically cut its Brazilian 2020 growth forecast from 2.2 to 1.5 percent. But the bank is actually more optimistic than consultancy firm Capital Economics—which predicts...

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