March 11, 2020 / 6:05 PM / 25 days ago

Brazil lower house speaker Maia: coronavirus impacting economy

BRASILIA (Reuters) - Brazil’s lower house Speaker Rodrigo Maia said on Wednesday the new coronavirus pandemic is having an impact on the Brazilian economy.

The Brazilian currency weakened 1.27% to 4.70 reais to the dollar in mid-afternoon trading as investors feared the consequences of coronavirus and the government cut its 2020 GDP growth forecast to 2.1%. Brazil has so far had 34 confirmed cases of the virus and no deaths.

Reporting by Anthony Boadle; Editing by Chizu Nomiyama

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