Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear.
President Jair Bolsonaro on Wednesday blasted as criminals the governors and mayors of Brazil’s largest states and cities for imposing lockdowns to slow the coronavirus outbreak, as tensions with his health minister simmered. The death toll rose to 57 from 46 while confirmed cases rose to 2,433 from 2,201 the day before.
Agriculture ministers from various South American countries participated in a video conference on Monday, March 23, to discuss harmonization of standards and ensure the smooth flow of goods and food supplies throughout the region during the Coronavirus pandemic.
Brazil's largest city of Sao Paulo began fifteen days of lockdown to fight the spread of the coronavirus on Tuesday. This after Brazil's own president, Jair Bolsonaro, has faced fierce criticism for his blasé treatment to combat the threat, which he describes as a quote “little flu.”
Brazil’s President Jair Bolsonaro laid to rest a diplomatic spat with China in a call with President Xi Jinping on Tuesday, with the two agreeing to work together to fight coronavirus as Brazil’s largest city went into lockdown.
The baile funk dance parties have been called off. Some open-air drug markets are closed for business. Gangs and militias have imposed strict curfews. Coronavirus is coming, and Rio de Janeiro's lawless favelas are gearing up for the onslaught.
Brazil on Thursday announced it was closing land borders and prohibiting entry to people from European and many Pacific Asian countries to prevent the spread of the coronavirus, as Mexico and Peru reported their first virus deaths.
Mercosur country members agreed on Wednesday to share information and statistics on the coronavirus evolution as part of a common strategy destined to combat the pandemic, which included facilitating the return of ex-pats and ensuring the movement of goods among the block.
The coronavirus outbreak hammered Brazil on Wednesday, crushing local markets, infecting more members of the country’s political elite and prompting loud protests against President Jair Bolsonaro, whose son waded into a diplomatic spat with China.
Brazilian president Jair Bolsonaro has so far escaped coronavirus contagion but his national security advisor, his mines and energy minister plus the Senate chief haven't been so lucky.