The truck drivers’ strike is expected to cost the equivalent of R $ 15 billion for the economy, a figure that represents 0.2% of Brazil’s Gross Domestic Product (GDP), according to an estimate made by the Brazilian Ministry of Finance.
Because of the shutdown, the official forecast of 2.5% GDP growth for this year could be revised downwards. The number will only be released at the end of July, and the minister did not give details.
In the latest edition of the Focus bulletin, a survey of financial institutions released every week by the Central Bank, market analysts estimated that the economy will grow only 1.94% in 2018. This was the sixth consecutive week of decline in projections. A month ago, the projection was at 2.51%.
This text was translated by machine from Brazilian Portuguese.