Brazil Daily

Economic woes begin. The only question is how bad it will get

Fitch Ratings has lowered Brazil’s economic outlook as industry figures slide. We explain the reasons for it: both from an economic and a political perspective.

Brazilian industry falls further than predicted

Though Brazil still lacks consolidated, recent data on economic indicators — which would give a clearer picture of the pandemic’s impact on the economy — all signs point to a serious deterioration of conditions in the coming months. In March, Brazilian industry suffered a 9.1-percent decline in output — the biggest slide since the May 2018 truckers’ strike. The drop is a direct result of the coronavirus crisis,...

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