Brazil Daily

Brazil drops out of world’s top 10 economies

Today, we talk about Brazil’s 2020 GDP: glass half-full or half-empty? Bolsonaro’s vaccine U-turn. And the president’s dwindling support base.

GDP: Brazil no longer in the world’s top 10

The Brazilian Institute of Geography and Statistics published the country’s official 2020 GDP numbers, bringing a glass-half-full-or-half-empty scenario. The -4.1 percent growth was Brazil’s worst economic slide in 30 years, rounding off a decade of economic stagnation. However, the GDP results were not as dreadful as initially expected.

  • According to consultancy Austin Rating, the coronavirus-led crisis pushed Brazil out of the world’s top 10 economies, dropping it down to 12th —...
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