Brazil’s Economic Crossroads: Which Path Will It Choose?
Brazil’s Economic Crossroads: Which Path Will It Choose?
Latin America’s largest economy entered the pandemic before it could heal from its worst recession in decades.
As the pandemic unfolds, Brazil is paying a huge human cost, with the number of victims rising quickly The scar of COVID-19 will take a long time to heal And the country will also have to battle on the economic side, where the impact will be deep and long-lasting Starting from a jump in the already high level of debt in relation to its GDP, coming from both sides of the equation: spending has skyrocketed while a steep decline in its gross domestic product is expected for this year The trajectory for the country’s economy over the next decade, it is clear, will be lower than what was...
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