Business

How Brazil’s economy can bounce back after the pandemic

Brazil's economy was sluggish before the pandemic hit, and now is staring full-blown depression in the face. However, experts have suggested paths to recovery

economy

The Covid-19 pandemic has thrown the world into a deep recession, the true extent of which remains to be seen. For Brazil, experts project economic depression, perhaps the worst on record, with a complex path toward recovery. Brazil is facing a job crisis, with massive underutilization of the labor force and a rising number of informal workers — who earn less money and enjoy fewer (if any) protections and benefits. Meanwhile, Brazil’s public debt — currently over 80 percent of GDP — will hamper the government’s ability to throw money at the crisis as a way to...

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