Why Brazil may not grow 2.4% in 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…

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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.