Today we’re looking at growing optimism among Brazilian companies, the government’s attempt at a ‘patriotic Black Friday,’ and a new public service reform will be submitted.
The worst could be behind most Brazilian companies. But don’t pop the champagne just yet
By the end of July, 37 percent of Brazil’s 3 million-plus companies still felt the negative effects of the pandemic. But for most of them, the worst has already passed. As a matter of fact, one-quarter of firms report that they perceive the coronavirus’ impact as positive on their business, according to the latest study on the matter by the Brazilian Institute of Geography and Statistics (IBGE).
Why it matters. There has been a major improvement from late in June, when 62 percent of companies still felt the negative effects of the crisis. IBGE’s Alessandro Pinheiro, however, tempers his optimism: “The numbers show stability within a scenario of great difficulty.”
- The Brazilian economy is fueled by family consumption, which fell considerably in Q2). But consumption decisions are based on sentiment, and the survey suggests Brazilians are now less fearful about the economic outlook.
By the numbers. Data journalist Aline Gatto Boueri breaks down the results:
- The services sector...