Brazil Daily

Government’s “big bang” turns into damp squib

Today: the government breaks its promise of a major economic plan. More mergers in Covid-19-hit Brazil. Pandemic set to push people down the social ladder. Delivery app invests in automation. 

No bang for Paulo Guedes

The government promised to launch a major plan today to foster economic growth by way of infrastructure projects, job-creation programs, housing policies, and a boost in cash-transfer initiatives. It was presented as Economy Minister Paulo Guedes’ “Big Bang,” and a way to show investors that the government has a plan for the post-pandemic situation, while also pushing for policies capable of soaring President Jair Bolsonaro’s...

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