[uam_ad id="317182"]

SÃO PAULO, BRAZIL - Amid the impacts of the coronavirus pandemic, the Brazilian economy is expected to contract ten percent in the second quarter of 2020 and three percent in the year-to-date, projects Henrique Meirelles, São Paulo state Secretary of Treasury and Planning.

"The moment we are experiencing is indeed dramatic and requires urgent and effective action," he said on Wednesday, March 25th.

To his projection, the former Minister of Treasury in the government of Michel Temer uses the official estimate of infectologists on the length of the crisis, with the peak number of cases in April . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?