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LatinNews Daily - 09 June 2020
In brief: Investments plunge in Brazil in April
* The government-led Instituto de Pesquisa Econômica Aplicada (Ipea) in Brazil has released the April figures for its indicator of gross fixed capital formation, according to which investment levels fell by 27.5% month-on-month in April (seasonally adjusted) and 32.8% year-on-year. Following on from a monthly slide in investments in March, this means that investment levels decreased 11% in the three months to April, compared with the previous rolling quarter. Investment levels in Brazil have accumulated falls of 5.2% in the first four months of 2020. “Plunging investment” is cited by the World Bank (WB) as one of four main reasons for the shrinking of Brazil’s economy this year, which the WB now predicts will contract by 8%.
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