March 20, 2020 / 6:01 PM / 12 days ago

Brazil's government slashes 2020 GDP growth forecast to zero from 2.1%

BRASILIA, March 20 (Reuters) - Brazil’s government on Friday slashed its 2020 economic growth forecast to zero from 2.1% previously, according to the Economy Ministry’s latest bi-monthly revenue and expenditure report.

The government had lowered its outlook to 2.1% from 2.4% only 10 days ago, before the scale of the damage unleashed by the coronavirus impact on the global economy and financial markets became clearer. (Reporting by Jamie McGeever Editing by Chris Reese)

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