The hit to the Brazilian economy from May’s truck drivers’ strike already seems to be reversing. But the recent tightening of financial conditions means the recovery over the second half of the year is likely to be weaker than we previously thought. We have revised down our forecast for this year to 2.3%, from 3.0% (our 2019 forecast is unchanged at 3.5%). These forecasts are still above the consensus though.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services