The Covid-19 pandemic has pushed the Brazilian economy into one of its worst periods of recession, with GDP expectations for 2020 hitting -9.1 percent, according to the International Monetary Fund. However, amid this pessimism from global actors, expectations from the market are far more favorable. The latest forecasts show a slide of “just” -5.04 percent for the year, suggesting that investors in Brazil are more bullish about Brazil’s post-coronavirus recovery.
This trend of optimism kicked off in September. According to confidence indexes measured by think tank