Brazil Likely to Cut 2020 GDP Forecast Amid Coronavirus Weakness

(Bloomberg) -- Brazil’s government is likely to cut its 2.4% growth forecast for the economy in 2020 to take into account the impact of the coronavirus in slowing global activity, a person familiar with the matter said.A lower-than-expected gross domestic product expansion would lead to reduced inflationary pressure, which may open some space for the central bank to cut the key interest rate further, the person said, asking not to be named because of not being authorized to speak publicly.