RIO DE JANEIRO, BRAZIL - In only two months, the covid-19 pandemic wiped out Brazilians' hopes for a speedy economic rebound. Before the coronavirus, the country was gradually pulling out of the recession and taking on a positive economic trajectory, but this changed with impressive speed.
Investments were canceled, jobs were lost and companies threatened to close their doors, generating more unemployment. For many organizations and people, growth plans have become a struggle for survival. Below are six figures that illustrate the magnitude of the crisis triggered by the coronavirus.
Brazilian GDP may drop 7.7 percent in 2020 . . .