RIO DE JANEIRO, BRAZIL - "The Brazilian economy has greatly improved and growth is likely to reach 5.3% this year," said the World Bank's chief economist for Latin America and the Caribbean William Maloney, recalling that in 2020 economic activity in Brazil shrank by 4.1%.
"It is important to emphasize that the region in general, and including Brazil, was not performing well before the crisis," the chief economist added while pointing out that political uncertainties can affect investments and, consequently, the economic growth of any nation.
Despite the improvement compared to the past few months, the growth perspective . . .
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