(MENAFN) Brazil's economy will continue to register major deficits through the following three years, until it manages to log a primary surplus in 2020, according to the International Monetary Fund (IMF).
Throughout the current year, the US-based organization anticipates a primary deficit equivalent to 1.7 percent of the nation's GDP, slightly better than a record 1.9 percent over the previous year.
Additionally, The IMF attributed the long period of negative results to the deterioration in public revenue, increasing interest rates and the government's intensified efforts to pay past debts.
To add insult to injury, the Fund also noted that the world's fifth-largest country is struggling with stressing political troubles, including President Dilma Rousseff's ongoing impeachment process.
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