IMF reduces debt projection in Brazil, but warns about high interest rates

The study estimates that the Brazilian gross public debt will fall from 98.9% of GDP in 2020 to 90.6% in 2021 and 90.2% in 2022. The previous projections were 98.4% this year and 98.8% next year.

RIO DE JANEIRO, BRAZIL - The International Monetary Fund (IMF) has released a document October 13 in which it reduces the estimates of worldwide and country debt.

According to the Fiscal Monitor data, the Brazilian gross public debt will not break the barrier of 100% of the Gross Domestic Product (GDP) in 2023, as predicted by the institution in April.

The 114-page study estimates that the Brazilian gross public debt will fall from 98.9% of GDP in 2020 to 90.6% in 2021 and 90.2% in 2022. The previous projections were 98.4% this year and 98.8 . . .

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