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Goldman, Citi lift Brazil 2021 GDP growth forecasts to over 5%

RIO DE JANEIRO, BRAZIL - (REUTERS) Goldman Sachs and Citi on Tuesday raised their Brazilian 2021 gross domestic product growth forecasts to more than 5.0%, among the first in what could be a string of upward revisions from major banks after strong first-quarter GDP data.

Alberto Ramos at Goldman Sachs raised his full-year forecast to 5.5% from 4.6%, one of the most bullish outlooks for Latin America’s largest economy, while economists at Citi raised theirs to 5.1% from 3.6%.

“We expect the economy to recover visibly in coming quarters in tandem with further . . .

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