RIO DE JANEIRO, BRAZIL - The Covid-19 pandemic is one of the greatest challenges in Brazilian history. In addition to a massive public health threat, its impacts on the economy and society will be tremendous. More so given the context in which the crisis struck the country, says the latest study of the Brazilian Institute of Capital Markets IBMEC.
The Brazilian economy remains fragile since the severe 2015-2016 recession and was slowly rebounding, growing at around one percent per year since 2017. Brazilian per capita income in late 2019 was still about seven percent lower than in the peak . . .