Why Brazil may not grow 2.4% in 2020

Adilson S. Proença
13 min readFeb 25, 2020

Brazil’s trumpeted 2.40% Gross Domestic Product (GDP) growth forecast for 2020 is economically and mathematically unreasonable. A 1.20% is!

Ministry of the Economy increases to 2.40% GDP growth forecast for 2020” (Author’s own translation)

Every beginning of year comes about packed with great expectations. I suppose it’s all down to a sort of “renewal sentiment” with which mostly Westerners and the superstitious alike are used to start their new years. In Brazil that renewal sentiment has had…

Adilson S. Proença

An International Relations degree holder; a language, history and economics aficionado; and a soon-to-be Economist who sees writing a thought-untangling act.