The decline was the worst in decades but beat forecasts from the World Bank and International Monetary Fund, which estimated that Brazil’s 2020 GDP would shrink by 8 percent and 9.1 percent, respectively.
The decline was the worst in decades but beat forecasts from the World Bank and International Monetary Fund, which estimated that Brazil’s 2020 GDP would shrink by 8 percent and 9.1 percent, respectively.