RIO DE JANEIRO, BRAZIL - The Institute of Applied Economic Research (IPEA) has revised the Gross Domestic Product (GDP) decline projection from six to five percent in 2020. According to the institute, this year's inflation should reach 2.3 percent, below the target set by the National Monetary Council (four percent). These projections are described in two studies published yesterday, on economic growth and on price behavior.
The reason for the GDP projection revision lies in the economic indicators for Q3. "They are better than we projected. We project that in August, the industry, trade and service data remained very . . .