The International Monetary Fund (IMF) raised the growth estimated for Brazil to 2.3% in 2018, and to 2.5% in 2019. The forecasts are part of the World Economic Outlook, published today (Apr. 17), and represent 0.4 percentage points above those published in January.
The International Monetary Fund (IMF) has narrowed its forecast for Brazil's economic downturn this year. The expected Gross Domestic Product (GDP) decline has gone from -3.8% in April to -3.3%.
The International Monetary Fund has revised down the outlook for Brazil's economy this year, forecasting a 3.5% decline in Gross Domestic Product (GDP), as against a previous 1%. According to the IMF, the economy will shrink for the second consecutive year.