Brazil's financial market forecasts smaller 5.46 pct drop in GDP in 2020
Malaysia Sun-Business·2020-08-25 06:30
BRASILIA, Aug. 24 (Xinhua) -- Brazilian financial analysts reduced their forecast of a fall in gross domestic product (GDP) in 2020, adjusting it from a 5.52 percent drop to a 5.46 percent drop, the Central Bank of Brazil said on Monday.
The forecast has gradually improved since analysts predicted a 6.54 percent contraction for the year in June.
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