April 12, 2018 / 7:29 PM / in 3 months

Brazil loosens 2020 fiscal target, sees GDP growth slowing

BRASILIA, April 12 (Reuters) - The Brazilian government on Thursday loosened its 2020 fiscal target and predicted that gross domestic product growth would slow after hitting a 2019 peak.

The government set targets of a primary deficit of 139 billion reais ($41 billion) for the central government in 2019, 110 billion reais in 2020 and 70 billion reais in 2021, confirming an earlier report by Reuters. (Reporting by Marcela Ayres; Writing by Bruno Federowski; Editing by Peter Cooney)

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