Brazil Daily

Brazil’s recovery won’t be V-shaped

Depression, not recession, might be on the horizon — and the recovery will not be swift. The soap-opera around Jair Bolsonaro’s Covid-19 comes to an end. And the increasing coronavirus curve.

High debt levels prevent V-shaped recovery for Brazil

The Covid-19 pandemic is set to push Brazil into its worst recession on record, and the Economy Ministry believes that the high debt levels of both companies and the government will prevent any form of V-shaped recovery — foreseeing the effects of the crisis lasting at least until 2022. The government — which is usually the last to abandon optimism — has now...

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