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J.P. Morgan cuts Brazil’s 2021 and 2022 GDP projections

RIO DE JANEIRO, BRAZIL - J.P. Morgan revised downward its projections for the growth of the Brazilian Gross Domestic Product (GDP) from 3.2% to 2.9% in 2021 and from 2.4% to 2.2% in 2022. According to the bank's team, the impact on business activity of the second wave of the Covid-19 in the country should occur later, but with more force than previously projected.

"We expected the rise in cases and deaths to impact . . .

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