Brazil Daily

Brazil’s big Q3 growth will not erase Covid crash

Today, we talk about the direction of the Brazilian economy. The government’s privatization list. And Brazil’s move towards vaccine clearances.

Will Q3 growth be enough to offset losses?

The government announced Brazil’s GDP results for the third quarter of 2020, with the country posting 7.7-percent growth. While this is a record jump for a single quarter since 1996, it fell below investors’ expectations of 9 percent. Furthermore, it will not be enough to offset the coronavirus crash observed earlier in the year. Despite a recent rally, activity in many sectors remains below pre-pandemic levels.

  • Industry has seen six consecutive months...
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