Business

The economics of a second Covid-19 wave in Brazil

Latest figures suggest the surge of a second wave of infections in several states, which could cause dramatic consequences for Brazil's economy

The economics of a second Covid-19 wave in Brazil
Illustration: André Chiavassa/TBR

Almost five months since the first case of Covid-19 was recorded in Brazil, the country appears to be no closer to beating the virus. With over 2.2 million infections, more than 82,000 deaths, and a nationwide curve that shows no signs of flattening, the country’s response to the pandemic has been shambolic at best. Now, data from the Oswaldo Cruz Foundation biological research center indicates that a second wave of Covid-19 infection may be underway in multiple Brazilian states.

After a decrease in deaths in major Brazilian cities such as São Paulo and Rio de Janeiro — prompting non-essential businesses...

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