Amid Covid-19 Crisis, Brazil’s Economy Will Contract Much More Than World Average

Brazil faces one of the worst scenarios among emerging countries in the International Monetary Fund's report released on Wednesday.

RIO DE JANEIRO, BRAZIL - Projections for the Brazilian economy are becoming increasingly bleak. On Wednesday, June 24th, the International Monetary Fund (IMF) revised its projection for the country's GDP (Gross Domestic Product) drop in 2020 from 5.3 to 9.1 percent.

If confirmed, it would be the worst result since official . . .

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