Latin America silver spot economy nation, Brazil lay in tatters after state and federal feud to stay at home or let informal be allowed to daily to earn. Now at trigger point of its national economy to collapse.
Brazil infrastructure in villages to cities are well organised.
Brazil simmers the economy crush need curb eco -social activity in dense population cities and rural move in its natural economic flow adding virtual market on rise for essential and non essential items as per their priorities.
Transportation with ultimate care and allowing essential services and business to limited hours wheels on roads for limited and on rotation.Informal workers to work for limited 4hours as per the time schedule.
Brazil’s economy faces collapse over coronavirus lockdown: Paulo Guedes the finance minister, he joins Business owner in protesting against the lockdown measures the local government are imposing, said the stay-at-home order could lead to shortage of food and social disorder may lead eruption of economy system to collapse.
Brazil in limbo to unable to take final call nation should continue lockdown or focus on Economic growth.
COVID19 global confirmed cases in hardest-hit countries by Johns Hopkins University: World: 3,836,215 U.S.: 1,254,740 Spain: 221,447 Italy: 215,858 Britain: 207,977 Russia: 177,160 France: 174,917 Germany: 169,430 Turkey: 133,721
Brazil: 132,367 now to 135,106 cases
Brazil, which is considered as a new worst-hit country of the pandemic, recorded 9,888 more #COVID19 cases in the last 24 hours, bringing the nationwide total to 135,106 with 9,146 fatalities, said its health ministry. #coronavirus
President Jair Bolsonaro was hit with increasing criticism for a slow response.
He already had been slammed by the left and the right for downplaying the health risk and for delaying a rescue of the economy.
With aid package help to many as 24 million citizens working in the informal economy without any benefits, representing more than 10 percent of the population.
Brazil could face “economic collapse” in a month’s time due to stay-at-home measures to stem the coronavirus outbreak, with food shortages and “social disorder,” Economy Minister Paulo Guedes warned Thursday.
Brazil, Latin America’s biggest economy, is also the epicenter of the coronavirus pandemic in the region.
But far-right President Jair Bolsonaro — who appeared alongside Guedes, his free-market economics guru –opposes stay-at-home measures to slow the virus, saying they are unnecessarily damaging the economy.
“Within about 30 days, there may start to be shortages on (store) shelves and production may become disorganized, leading to a system of economic collapse, of social disorder,” Guedes said.
“This is a serious alert.”
Bolsonaro, who has compared the new coronavirus to a “little flu,” said he understood “the virus problem” and believed that “we must save lives.”
“But there is a problem that’s worrying us more and more… and that’s the issue of jobs, of the stalled economy,” Bolsonaro added.
“Fighting the virus shouldn’t do more damage than the virus itself.”
President Jair Bolsonaro was hit with increasing criticism for a slow response in helping the poorest during the crisis.
Bolsonaro tug of war on saving life and saving economy , workers in Brazil’s informal economy suffered most because of the stay-at-home recommendations he opposes that were put in place by governors and mayors.
He insists Brazilians should be allowed to go back to work, with exceptions for at-risk groups like the elderly or those with underlying health problems.
But the governors counter that Bolsonaro has not released enough federal funds for them to fight the pandemic. Most of the country’s states and cities were already strapped for cash before the crisis, they say.
Even the wealthy governor of Sao Paulo state, João Doria, who made a fortune in marketing, backs stronger state intervention.
“By saving lives, we will be able to save the economy,” Doria said last month.
Doria, one of Bolsonaro’s strongest critics, said his own decision to shut down the state of Sao Paulo Brazil’s most populous generated intense opposition from his private sector friends, including otne who called him “upset, enraged.”
“I told him that at the end of this pandemic, I will have helped save his life, his family,” Doria said. “And that is because we are taking the right measures.”
Sao Paulo received about $20 billion in emergency federal funds at the start of April but nothing since then, Doria said.
Brazil’s Senate is expected to vote next week on a package of nearly $17 billion for states and cities to compensate for economic losses. Although the lower house of Congress approved it, Economy Minister Paulo Guedes has said handing out the emergency aid would be like doling out a blank check.
Guedes, a free market beliver rallied on Bolsonaro’s victorious 2018 presidential campaign with promises to privatize many state-owned companies, cut government spending and open up largely closed sectors of the economy to more foreign investment.
Despite Guedes’ aversion to giving out federal funding, Bolsonaro’s administration has acknowledged a need for financial relief.
Caixa slashed interest rates on overdrafts and credit card installment payments, and the government allowed all citizens to withdraw the equivalent of one month’s minimum wage about $195 from state-run retirement accounts required for all working Brazilians. The federal government is also sending doctors to some coronavirus hot spots, like the Amazon city Manaus, where coffins have piled up in common graves. Media agencies.