January 14, 2020 / 1:43 PM / 5 days ago

Brazil raises 2020 GDP growth forecast to 2.4%

BRASILIA (Reuters) - The Brazilian government has revised this year’s GDP growth projection to 2.4% from 2.32% previously as it updates a series of economic forecasts, according to a statement from the Economy Ministry on Tuesday.

The ministry also said it expects consumer prices measured by the IPCA index to rise 3.62% in the year, up from 3.53% previously forecast.

Reporting by Marcela Ayres; Writing by Ana Mano; Editing by Andrew Heavens

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