Brazil’s Economy Ministry on Thursday raised its projected savings from its pension reform bill over the next decade to 1.237 trillion reais (US$ 312 billion), well above the “minimum” 800 billion reais President Jair Bolsonaro said he expects.
Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.