OECD raises to 5.2% forecast for Brazil’s GDP growth in 2021

In May, the entity expected the Brazilian economy to grow 3.7% this year.

RIO DE JANEIRO, BRAZIL - The Organization for Economic Cooperation and Development (OECD) has revised its projection for growth in Brazil's Gross Domestic Product (GDP) in 2021 to 5.2%, according to a quarterly report released Tuesday, 21. In May, the Paris-based entity expected the Brazilian economy to grow only 3.7% this year.

By 2022, however, the OECD has lowered its forecast for Brazilian GDP, from 2.5% to 2.3%, says the document.

The spread of the delta variant of Covid-19 slowed down the pace of recovery of the global economy but will not stop it . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?