Brazil’s GDP increased in line with market expectations but below Rabobank’s forecast. Analysts at the Dutch institution are lowering their GDP growth forecast for the South American country. USD/BLR trades at 4.583. Key quotes “Brazil’s 2019 GDP growth of 1.1% (street: 1.1%; Rabo: 1.2%) still denotes a gradually recovering economy.” “In 19Q4, Brazil’s GDP expanded by 1.7% y/y, in line with our forecast (vs street’s 1.6%), but only by 0.5% q/q (Rabo: 0.7%; street: 0.5%). “The negative investment surprise in today’s release, coupled with Covid-19 jitters, prompted us to revise our 2020 GDP growth forecast down to 1.8% (from 2.0%).” “We still expect looser financial conditions to prop up the economy in 2020, ensuring growth.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: BTC/USD settles above $9,000, bulls are inspired FX Street 3 years Brazil’s GDP increased in line with market expectations but below Rabobank’s forecast. Analysts at the Dutch institution are lowering their GDP growth forecast for the South American country. USD/BLR trades at 4.583. Key quotes “Brazil’s 2019 GDP growth of 1.1% (street: 1.1%; Rabo: 1.2%) still denotes a gradually recovering economy.” “In 19Q4, Brazil’s GDP expanded by 1.7% y/y, in line with our forecast (vs street’s 1.6%), but only by 0.5% q/q (Rabo: 0.7%; street: 0.5%). “The negative investment surprise in today’s release, coupled with Covid-19 jitters, prompted us to revise our 2020 GDP growth forecast down to 1.8% (from 2.0%).” … Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
