Business

Bleak economic perspectives for “post-Covid-19” Brazil

Economists are critical of the government's delayed reaction to the Covid-19 crisis, and predict tough economic times ahead

Bleak economic perspectives for "post-Covid-19" Brazil
Supermarket in Porto Alegre. Photo: Thiago B. Trevisan/Shutterstock

A poorer, more unequal Brazil is set to emerge from the Covid-19 pandemic, according to economists from think tank Fundação Getulio Vargas. However, the extent and duration of the economic chaos, they say, depends on how fast and effectively Brazilian authorities will act to save jobs and avoid massive bankruptcies

While economic measures such as income transfer policies, credit lines for companies, and the liquidity provided by the Central Bank were praised as a comprehensive approach to tackle the crisis, professors have echoed the criticism expressed by high-level authorities such as House Speaker Rodrigo Maia due to the delay...

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