Brazil Expected to Record Fourth-Highest GDP Drop in Latin America, Says ECLAC

ECLAC expects the number of people living in poverty to rise from 19.2 to 26.9 percent between 2019 and 2020, and that of extreme poverty from 14.3 to 16.8 percent in Brazil.

RIO DE JANEIRO, BRAZIL - Brazil is expected to record the fourth-highest drop in Gross Domestic Product (GDP) in Latin America and the Caribbean in 2020, according to new projections released by the Economic Commission for the region (ECLAC) on Tuesday, July 28th. In the new estimates released by the organization, the economic slump caused by Covid-19 is expected to be greater in the area.

The reduction in Brazilian GDP in 2020 should reach 9.2 percent. Expected to suffer greater contractions are Argentina (-10.5 percent), Peru (-13 percent), and Venezuela (-26 percent). The lowest drop will be . . .

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