Brazil 2020 GDP outlook falls to -3.3% - central bank survey

BRASILIA (Reuters) - The outlook for Brazil's economy deteriorated for an eleventh consecutive week, a central bank survey showed on Monday, and forecasts for the public finances pointed to record budget deficits amid the deepening coronavirus crisis.The economy is now expected to shrink by 3.3% this year, according to the average forecast of over 100 financial institutions in the bank's 'FOCUS' survey, compared with last week's forecast of 3% contraction. The government and central bank are..