Daily Management Review

Coronavirus To Increase Brazil’s Bank Lending By 7.6%


Economic fall out reflects in an inflation in lending pattern in Brazil.

According to Reuters report, the bank lending trend in Brazil is likely to increase by “7.6%” in 2020. The prediction was made by the central bank through a presentation last week. Which cited an increment in demand from companies as they take the blow of economic fallout due to the effects of coronavirus pandemic.
This above mentioned figure marks a increment from the “4.8%” projected growth by central bank in its March 2020 “Quarterly Inflation Report”.