Business

Pandemic could create an entire ‘lost generation’ in Brazil

The economic downturn caused by Covid-19 could create permanent problems for millions of youngsters entering the labor market

army Pandemic could create an entire 'lost generation' in Brazil
Photo: VectorMine/Shutterstock

Economies all over the world are tanking due to Covid-19 and the forced social isolation measures that have come with the pandemic. In Brazil, GDP is set to shrink by between 6 and 10 percent this year, depending on who you listen to. But Latin America’s biggest economy has an additional problem. The coronavirus crisis came as the country was still struggling to recover from the 2014-2016 recession, which — out of Brazil’s extensive rap sheet of economic downturns — was the worst on record. This latest GDP contraction will cap off what has essentially been a lost decade.

In...

Less expensive than a coffee

Enjoy any plan of your choice for US$1 for the first month