Today, we bring you projections for the looming Brazilian recession. China’s move to ban Brazilian meat due to coronavirus scares. And how Brasília’s failed reopening epitomizes the country’s botched response.
Brasília, we have a recession
Brazil entered a recession in the first quarter of 2020, after three years of sluggish but consistent growth. According to the Economic Cycles Dating Committee, linked to think tank Fundação Getulio Vargas, this recession might not last for that long, when compared to previous ones over the past 40 years. However, it is set to be the most intense downturn.
- A recession is...