We’re covering today the continuous struggle of Economy Minister Paulo Guedes over public spending in Brazil; growing optimism about the progress of the pandemic; and another slaughterhouse banned from exports due to coronavirus scares.
Drawing a line in the sand
After a dreadful Monday, markets bounced back on Tuesday after Economy Minister Paulo Guedes reaffirmed that he and President Jair Bolsonaro are on the same page. While Mr. Guedes got public endorsement for his austerity agenda, he also had to yield a bit: the federal budget has fiscal space of BRL 31 billion (despite the crisis), and Mr. Guedes agreed...
