On Wednesday, the Brazilian Congress approved a budget for 2020. According to the document, the politicians expect to see the economy grow by 2.32% next year. For comparison, the growth for 2019 will be approximately 2%.
Also, Brazilians will receive a slight increase in the minimum wage. The expected inflation rate is 3.52%, which is approximately at the same level as in 2019.
|ETF MSCI Brazil 3х||Neutral|