RIO DE JANEIRO, BRAZIL - The coronavirus pandemic will lead to a fiscal deterioration in countries worldwide and a dramatic increase in their public debt.
According to an IMF (International Monetary Fund) report released on Wednesday, April 15th, Brazil's gross debt is expected to increase by almost ten percentage points in 2020 and reach 98.2 percent of the GDP (Gross Domestic Product).
This is the highest level among emerging economies, which renders the country even more vulnerable to external crises and shocks.
However, this new moment will also lead to an increase in public deficits and debts outside Brazil . . .