Brazil Charts an Economic Course out of the COVID-19 Pandemic

cc Rawlan1998, wikicommons, modified, https://commons.wikimedia.org/wiki/File:100_Brazil_real_Second_Obverse.jpg

Background

That 2020 has been a harsh year is a now universal dictum, but it’s one that rings particularly true for Brazil.

The country’s COVID-19 outbreak has been among the worst in Latin America. The pandemic death toll currently stands at 166,669, and nearly six million cases have been recorded since the outbreak first started – the third highest count in the world behind only India and the United States, and nearly triple the amount of the fourth-highest France. In one bright spot, Brazil has yet to experience a pronounced second wave of the virus and transmission rates dipped below zero in October. Yet this might now be changing as the now-familiar combination of a rising case load and lockdown fatigue threaten to unleash a new wave of transmissions. According to government data, cases have increased by 68% over the past two weeks, and deaths by 53%. And given persistent shortfalls in testing capacity – which is around one-fifth of the United States’ – the real figures are likely much higher.

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