Bank of America cuts Brazil 2020 GDP forecast to -3.5% from -0.5%: report
April 02, 2020 at 12:37 PM EDT
Bank of America on Thursday cut its 2020 forecast for Brazil's gross domestic product (GDP) to a 3.5% contraction from a 0.5% fall, it said in a report, citing the strong impact on consumption and investment stemming amid the coronavirus pandemic.