February 17, 2020 / 10:35 PM / 3 months ago

Brazil says prolonged coronavirus outbreak would negatively affect economy

BRASILIA (Reuters) - Brazilian Economic Policy Secretary Adolfo Sachsida said on Monday that a prolonged coronavirus outbreak could affect Latin America’s largest economy if commodities prices remain low for a long time.

Sachsida added that the government did not see a reason to reduce its GDP growth projection for 2020 from 2.4%, at a time when several economists have slashed forecasts.

Reporting by Marcela Ayres; Editing by Peter Cooney

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