With Isolation Through End-June, Brazil’s 2020 GDP Expected to Fall Six Percent

The government projects a 4.7 percent drop this year, but it could be higher, according to the Undersecretary of Macroeconomic Policy.

RIO DE JANEIRO, BRAZIL - According to Undersecretary Vladimir Kuhl Teles, for every two weeks of isolation, the GDP drops 0.70 percentage points, considering the direct loss of R$20 billion for each week.

Teles, the undersecretary for Macroeconomic Policy for the Ministry of Economy, said that if social isolation is maintained until the end of June, this year's Gross Domestic Product (GDP) will drop by over six percent.

The base scenario, released . . .

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