# Brazil: Improving domestic outlook versus external headwinds – Rabobank — Octa

> Rabobank expects Brazil's 2019 GDP growth at 0.5-0.6%, a third year of growth at or below 1%. It sees better investment-led growth in 2020 supported by lower rates and reform-driven confidence. The bank says external trade-war and global slowdown risks have weighed on Brazilian assets, including the real.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/57790-brazil-improving-domestic-outlook-versus-external-headwinds-rabobank-octa
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Weak Brazilian growth and a sliding real can keep Brazilian export offers competitive, adding pressure to soybean and meal prices. The outlook is a macro backdrop rather than a direct supply shock.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2023-07-06 | [Brazil real to take near-term support from improving economic outlook](https://feedsoft.ai/events/35238-brazil-real-to-take-near-term-support-from-improving-economic-outlook.md) | -0.9% | -0.9% |
| USDBRL | 2017-01-11 | [Brazil: Dissecting the BRL's outperformance - Rabobank — Octa](https://feedsoft.ai/events/73181-brazil-dissecting-the-brl-s-outperformance-rabobank-octa.md) | +0.8% | -2.1% |
| USDBRL | 2017-08-07 | [Brazil: We expect a near-term rally in the BRL - Danske Bank — Octa](https://feedsoft.ai/events/69657-brazil-we-expect-a-near-term-rally-in-the-brl-danske-bank-octa.md) | +1.5% | +0.4% |
| USDBRL | 2023-02-17 | [Brazil’s Central Bank Head Extends Hand to Lula, But Maintains Key Demands](https://feedsoft.ai/events/37529-brazil-s-central-bank-head-extends-hand-to-lula-but-maintains-key-demands.md) | -0.9% | +1.0% |
| USDBRL | 2017-09-29 | [Brazil: Mid- and long-term prospects for the BRL look brisker - Danske Bank — Octa](https://feedsoft.ai/events/69155-brazil-mid-and-long-term-prospects-for-the-brl-look-brisker-danske-bank-octa.md) | -1.6% | +2.7% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/740537/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.