In this week’s issue: Income: 64% of Brazilian families earn less than USD 809 per month. The political crisis within the Bolsonaro administration, explained.
The week in review
- Pensions. As part of the government’s will to approve a pension reform, President Jair Bolsonaro has settled on minimum retirement ages for men (65) and women (62)—with a 12-year transition period. Few other details have been disclosed, and the reform bill should be presented to Congress by Thursday.
- Trade. Beijing has slapped anti-dumping duties on Brazilian poultry. Tariffs will vary between 17.8% and 32.4% from February 17 on—and will last for five years. Fourteen companies, however, have struck a deal with Chinese authorities and will be exempt, as long as they respect a minimum price tag set by the Asian country.