Brazil’s Economy Expected to Shrink 5% This Year Says Neto

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  • Bloomberg Markets and Finance published this video item, entitled “Brazil’s Economy Expected to Shrink 5% This Year Says Neto” – below is their description.

    Sep.02 — Brazilian Central bank President Roberto Campos Neto says he expects the economy to shrink 5% this year and rebound the next. He spoke to Bloomberg’s Erik Schatzker at the Bloomberg Emerging + Frontier Forum.

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    In This Story: Brazil

    Brazil is the largest country in both South America and Latin America.

    Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

    Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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