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Swiss bank UBS economists released a terrifying report with projections for the dollar in Brazil. The house formulated three possible scenarios for the price of the US currency. In one of them, the currency would close the year at 6 reais and close 2021 at R $ 7.35.
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247 – UBS projections set a catastrophic scenario for the dollar in Brazil. The Swiss bank predicts that the dollar could reach R $ 7.35 by the end of 2021, a value that would place the Brazilian economy in the ICU, with various structural threats to markets and industrial production.
The report of the newspaper O Estado de S. Paulo points out that “the Swiss bank considered that the performance of trade is receding to 2002 levels and that the interest rate differential (the distance between the Brazilian basic rate and that practiced in rich countries) is slightly skewed to “Therefore, economists estimate that a fair price for the dollar would be R $ 4.60 this year and R $ 4.50 in 2021.”
The article also adds that “however, due to the pressure exerted by the current crisis situation, the bank set its base scenario with quotes of R $ 4.95 for 2020 and R $ 4.60 for 2021. Furthermore, as is Usually, economists changed some variables of the base scenario to generate two other scenarios. On the most positive note, the dollar would fall to R $ 4.45 by the end of the year and to R $ 4.30 in 2021. “
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