Brazil Daily

Brazil sliding toward another technical recession

Today, we address the grim expectations for the Brazilian economy. Petrobras’ controversial sale of an oil refinery to the Mubadala fund. And what will happen to the lawmaker arrested for posting a video online.

Economy: The Ghost of Recessions Yet-To-Come

Economists expected activity to drop in Q1 2021, but projections are now indicating another slump in Q2, which would put Brazil into a technical recession. The growing pessimism comes as Covid-19 cases and deaths continue to rise, vaccination rollout is stuttering, and Congress has yet to come up with a new cash-transfer policy to replace the defunct emergency salary.

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