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Brazil’s Economy Closes 2019 with Strongest Growth Since Crisis Began

RIO DE JANEIRO, BRAZIL - With the help of the release of resources from the Severance Premium Reserve Fund (FGTS), the Brazilian economy should record its best year-end since the recession began in 2014 and should start 2020 strong.

According to banks and consulting firms heard by the newspaper O Estado de S. Paulo, the Gross Domestic Product (GDP) may grow up to 0.8 percent in this last quarter, better than the previous quarter. Since the beginning of the crisis, the figure for the last quarter has varied between -1.3 and 0.3 percent.

Should business activity be . . .

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