Following the falls on Thursday and Friday of last week, the Brazilian financial market closed again in decline. The prospect of approval of the Pension Reform in the second half of 2019 only helped to slow the São Paulo Stock Exchange.
According to the G1 website, Ibovespa, B3, "closed down this Monday (15.Jul.2019), with an eye on the local scenario after approval of the main text of the pension reform in the first round in the House and with the definition that the second round will take place only in August."
According to the Focus Bulletin, released today, the Brazilian economy is expected to grow by only 0.81% in 2019. Economists interviewed by the Brazilian Central Bank for the Focus Bulletin have reduced for the twentieth time the Brazilian GDP growth forecast in 2019.
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