Brazil began to process the daunting impact of the coronavirus outbreak on Frida...
BRASILIA/SAO PAULO - Brazil began to process the daunting impact of the coronavirus outbreak on Friday, slashing growth outlooks, warning of a healthcare collapse and announcing new measures to combat a crisis that is hurting President Jair Bolsonaro’s popularity.
The Economy Ministry lowered its growth forecast from 2.1% to zero - a number many economists believe remains highly ambitious - with a “significant” contraction coming in the second quarter. A record-high 17% said his government is to blame for the current economic situation, as blame attached to the previous three administrations slowly evaporates, the poll showed.
In comments to journalists earlier on Friday, he slammed governors for taking “extreme measures” that hurt the economy.See more stories
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