The Pulse of Economic Activity

BRAZIL ECONOMICS - Report 10 Aug 2020 by Affonso Pastore, Cristina Pinotti, Paula Magalhães, Marcelo Gazzano and Bruno Cordeiro

With some data on the first quarter now known, such as industrial output, along with some information on the carry over to the third quarter and the year as a whole, it is clear that the contraction of GDP this year will be less than the 7.5% projected previously. If we assume the possibility that recovery in the third quarter will continue, the performance of GDP in 2020 might be somewhat better. But in light of the huge uncertainty coming from the evolution of the pandemic in Brazil, which has not yet shown signs of easing, along with doubt about how the economy will react to the unfolding of the pandemic, we do not feel comfortable to formulate hypotheses for a new projection, no matter how plausible they may seem a priori. Therefore, in this report we limit ourselves to a critical discussion of the pulse of the economy, to indicate some possible paths.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.