PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » Finance » Polls predicted Brazil’s GDP ‘most likely’ to hit an all-time low

Polls predicted Brazil’s GDP ‘most likely’ to hit an all-time low

by PublicWire
May 26, 2020
in Finance
Reading Time: 1 min read
0

Brazil is the second most hit country, next to the United States, of the coronavirus pandemic. Out of the 5,497,538 registered confirmed cases as of May 26 14:25 UTC worldwide, Brazil has 363,211 positive cases with 22,666 deaths.

Reuters polls published Monday, May 25, 2020, showed an unnerving forecast to the country’s economy, which could mark the worst-ever performance in Brazil’s history.

At a glance:

  • Out of the 38 economists surveyed between May 18 to 22, median estimates revealed a 1.5% drop in the first quarter compared with the previous quarter, with an annual term pointing at 0.4% fall — indicating the “poorest reading” since the fourth quarter of 2016.
  • Its second-quarter prediction expects economic activity to plummet at 12.7%.
  • The GDP contraction points at 6.3%, which is far below the -4.7% official forecast.
  • Economists predict that Brazil’s economy will bounce back in 2021 with a 3.5% growth rate.

Economists surveyed by Reuters note that these contractions stem from lower consumer spending and private investment in the country. Government expenditure and net trade also pose a mild offset.

Full Story: Reuters

Previous Post

China Opposed U.S. Audit Plans

Next Post

Consumer Confidence rose after the U.S. reopen its economy

PublicWire

At PublicWire, we know the vast majority of all investors conduct their due diligence and get their news online in a variety of ways including email, social media, financial websites, text messages, RSS feeds and audio/video podcasts. PublicWire’s financial communications program is uniquely positioned to reach these investors throughout the U.S. and Canada as well as on a global scale.

Related Posts

Finance

South Korea ‘reviewing various plans’ to stabilise the won

September 15, 2022
0
Finance

European shares edge higher as investors weigh up policy outlook

September 15, 2022
0
Finance

Ethereum ‘Merge’ concludes in key moment for crypto market

September 15, 2022
0
Finance

EU embargo to hit Russian oil output, IEA says

September 14, 2022
0
Finance

European stocks slide after sharp Wall Street sell-off overnight

September 14, 2022
0
Finance

Terry Smith to close emerging markets investment trust

September 14, 2022
0
Next Post

Consumer Confidence rose after the U.S. reopen its economy

Please login to join discussion

Subscribe To Our Newsletter

Loading
Ad
PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2022 publicwire.com

Navigate Site

  • About
  • Contact Us
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • Videos

© Copyright 2022 publicwire.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.