RIO DE JANEIRO, BRAZIL - The unpredictability created by the coronavirus pandemic is causing public and private institutions to revise their projections on Gross Domestic Product (GDP) in 2020 almost weekly.
Economist Monica de Bolle, a researcher at the Peterson Institute for International Economics in the United States, is now working with a six to nine percent decline, higher than the five percent decline she had expected three weeks ago.
"The deterioration is attributed to the government's delay in implementing measures to contain the recession," Bolle says.
She also points out that the projected decline for the US GDP is . . .