Brazil’s GDP forecast

Brazilian Congress approved budget

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.


Assets Summary
ETF MSCI Brazil 3х Neutral
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