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By Richard Mann

RIO DE JANEIRO, BRAZIL - The downturn in projections for the economy is not limited to this year. Due to the weaknesses shown by business activity indicators, banks and consultancies are already reducing their forecasts for the year 2020 Gross Domestic Product (GDP).

For the time being, most estimates point to a growth rate close to two percent, although there are some below that level.

Forecasts for a weak economy next year are evident every week with the release of the Central Bank's Focus report, which collects forecasts from several analysts of various economic indicators. The latest . . .

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