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The World Bank on Tuesday (8) aggravated the performance scenario of the Brazilian Gross Domestic Product (GDP) in 2019. The institution now estimates that Brazil will grow by 2.2% this year. In the June forecast, the estimate was up 2.5%.
In 2018, the World Bank estimates that Brazil has increased by 1.2%.
"Brazil is expected to grow by 2.2 per cent, baduming tax reforms are implemented quickly and a recovery in consumption and investment will offset cuts in public spending," he said. the World Bank in a report.
The World Bank's forecasts are slightly lower than the Focus report prepared by the Central Bank based on badysts' forecasts. For 2019, the economic growth forecast in the British Columbia survey is 2.53%.
What the World Bank Expects from Brazil
Projections of Brazilian GDP; data in%
Source: World Bank
Overall, the World Bank has been slightly more pessimistic about the global economy. This year, the world is expected to grow by 2.9%, down from 3% in June.
The weaker growth scenario is due to deteriorating forecasts for emerging economies. The estimate is now up 4.2%, 0.5 percentage point lower than expected. For advanced economies, the projection remains at 2%
"International trade and investment have calmed down." Trade tensions remain strong, with several major emerging markets having experienced strong financial pressures last year.
In this new scenario, the World Bank also hopes that the recovery of economies dependent on commodity exports will be slower than expected.
"In this challenging environment, growth in emerging markets and developing economies is expected to remain stable in 2019," said the institution.
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