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SÃO PAULO, Brazil (Reuters) – The International Monetary Fund (IMF) on Monday noted Brazil's growth prospects, seeing the recovery continue after the recession in the country, while reducing forecasts [19659002] In its report titled "Global Economic Outlook," the IMF has seen 2.5% growth in the Brazilian economy this year, up 0.1 percentage point from October.
The improved forecast for Brazil partly offset the downward revision of Mexico and a more severe contraction than projected in Venezuela from a Latin American point of view.
The estimate for the region was as follows: reduced by 0.2 percentage point for both years, but forecasts indicate that Latin America will accelerate from a growth of 1.1% in 2018 to 2.0% this year and 2.5% by 2020 [19659002] "The reductions are only partially offset by an upward revision of the 2019 estimate for Brazil , where the gradual recovery from the 2015-2016 recession is expected to continue, "said the IMF in its report.
But by 2020, the projection for Brazil has been reduced from 2.2% to 0.1%.
The IMF estimate for this year is in line with that expected by economists consulted in the Focus survey conducted weekly by the Central Bank. an expansion of 2.53% this year. However, the British Columbia survey indicates a better forecast of 2.60% by 2020. [nL1N1ZL06P]
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