Brazil´s Economy Minister Says Covid-19 Pandemic “Yielding”, Economy Rebounding

Minister of Economy Paulo Guedes stressed the labor market figures and the creation of formal jobs in recent months.

RIO DE JANEIRO, BRAZIL - Minister of Economy Paulo Guedes stated on Wednesday, November 4th, that the Covid-19 pandemic is "yielding, while the economy is rebounding". In an event at the Planalto Palace, he stressed the labor market data and the creation of formal jobs in recent months.

"We have created 100,000 jobs in July, 300,000 jobs in September. So we lost fewer jobs in the year than in 2015 and 2016, when there was no such tragedy. In September 2015, we had lost 650,000 jobs. At this point, we have lost 550,000," he said.

However . . .

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