Financial Market Projects 5.62 Percent Economic Downturn for Brazil This Year

For next year, growth of 3.50 percent is expected, the same as has been projected for 11 consecutive weeks.

RIO DE JANEIRO, BRAZIL - The financial market outlook for the Brazilian economy's decline this year was adjusted from 5.66 to 5.62 percent.

The estimate for the GDP - the sum of all goods and services produced in the country - is contained in the Focus bulletin, published every week by the Central Bank (BC), with projections for the main economic indicators.

For next year, a growth of 3.50 percent is expected, the same projection for 11 consecutive weeks. In 2022 and 2023, the financial market continues to project an increase of 2.50 percent in GDP.

The financial . . .

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