Analysis: “Brazil Could Take Ten Years To Achieve Low Unemployment Again”

According to EXAME Research economist Arthur Mota, the country will take time to overcome the massive job destruction caused by the pandemic.

RIO DE JANEIRO, BRAZIL - EXAME Research economist Arthur Mota has been less optimistic about the unfolding of the coronavirus pandemic in Brazil than other analysts in the macroeconomic scenario.

For the country to grow again in 2021 at a rate of 3.5 percent, as many in the market have estimated, there must be a sharp rebound in the second half of this year, something that the economist considers unlikely to occur.

According to Mota, a major cause of the slow upturn in the country will be the delay in recovering the labor market. "Since the pandemic started, over one . . .

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