Brazil is expected to grow below Latin America’s average until 2023 – IDB

IDB's Chief Economic Adviser Andrew Powell ponders that Brazil will have lower growth in 2021, in part because because it has come through the recession better in 2020.

RIO DE JANEIRO, BRAZIL - Brazil is expected to help push down Latin American growth, according to projections for this year and the next two years made by the Inter-American Development Bank (IDB).

While the Gross Domestic Product (GDP) growth scenario projected for the average of Latin America and the Caribbean is 3.2% between 2021 and 2023, Brazil should grow 2.7% in the period.

When excluding the Brazilians from the list of the so-called Southern Cone countries (which includes Argentina, Chile, Paraguay and Uruguay), the expectation is for GDP growth of 3.5%.

IDB's Chief Economic . . .

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