RIO DE JANEIRO, BRAZIL - Brazil, faced with the most severe Covid-19 outbreak in Latin America, emerges with the mildest recession in the region this year, driven by a faster economic reopening and temporary stimulus measures.
Behind only the US as the global epicenter of the virus, the country has posted a performance exceeding economists' projections in indicators such as industrial production and retail sales, amid the reopening of factory operations, and billions in emergency government aid.
Economists tracking mobility trends in the pandemic also note evidence that the country is leading the rebound. Gustavo Rangel, ING Financial Markets' chief . . .