COVID 19 in Brazil : Impacts and Policy Responses

The COVID-19 (Coronavirus) pandemic is exposing Brazil to an unprecedented challenge. The pandemic is expected to plunge Brazil into another recession. Although the pain of recession can be felt across the economy, smaller firms are expected to be...

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Main Author:	World Bank
Format:	Policy Note
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FOREIGN EXCHANGE FOREIGN INVESTMENT TRADE OIL PRICES ECONOMIC SHOCK FISCAL TRENDS ENERGY POLICY WATER POLICY TRANSPORT POLICY HOUSEHOLD WELFARE EDUCATION POLICY FINANCIAL SECTOR POLICY ENVIRONMENTAL POLICY
Online Access:	http://documents.worldbank.org/curated/en/152381594359001244/Main-Report http://hdl.handle.net/10986/34223

id	okr-10986-34223
recordtype	oai_dc
spelling	okr-10986-342232021-05-25T09:57:51Z COVID 19 in Brazil : Impacts and Policy Responses World Bank CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FOREIGN EXCHANGE FOREIGN INVESTMENT TRADE OIL PRICES ECONOMIC SHOCK FISCAL TRENDS ENERGY POLICY WATER POLICY TRANSPORT POLICY HOUSEHOLD WELFARE EDUCATION POLICY FINANCIAL SECTOR POLICY ENVIRONMENTAL POLICY The COVID-19 (Coronavirus) pandemic is exposing Brazil to an unprecedented challenge. The pandemic is expected to plunge Brazil into another recession. Although the pain of recession can be felt across the economy, smaller firms are expected to be more affected because they tend to be more present in sectors with high face-to-face interactions, and where home-based work is less pervasive. State (and municipal) governments constitute a third group that is highly exposed to the crisis. Special attention will need to be devoted to the infrastructure sector, including energy, water, and transport, due to their strategic nature in the economy and potential contingent liabilities for the government. The financial sector was in a position of strength when the COVID-19 crisis started, and it will play a critical role during both the crisis and the recovery phase. Brazil has already put in place significant measures to address the economic crisis. Beyond the immediate containment of the crisis, Brazil will need to focus on laying the groundwork for a speedy and equitable recovery. 2020-07-28T15:54:55Z 2020-07-28T15:54:55Z 2020-06 Policy Note http://documents.worldbank.org/curated/en/152381594359001244/Main-Report http://hdl.handle.net/10986/34223 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note Latin America & Caribbean Brazil
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FOREIGN EXCHANGE FOREIGN INVESTMENT TRADE OIL PRICES ECONOMIC SHOCK FISCAL TRENDS ENERGY POLICY WATER POLICY TRANSPORT POLICY HOUSEHOLD WELFARE EDUCATION POLICY FINANCIAL SECTOR POLICY ENVIRONMENTAL POLICY
spellingShingle	CORONAVIRUS COVID-19 PANDEMIC IMPACT PANDEMIC RESPONSE FOREIGN EXCHANGE FOREIGN INVESTMENT TRADE OIL PRICES ECONOMIC SHOCK FISCAL TRENDS ENERGY POLICY WATER POLICY TRANSPORT POLICY HOUSEHOLD WELFARE EDUCATION POLICY FINANCIAL SECTOR POLICY ENVIRONMENTAL POLICY World Bank COVID 19 in Brazil : Impacts and Policy Responses
geographic_facet	Latin America & Caribbean Brazil
description	The COVID-19 (Coronavirus) pandemic is exposing Brazil to an unprecedented challenge. The pandemic is expected to plunge Brazil into another recession. Although the pain of recession can be felt across the economy, smaller firms are expected to be more affected because they tend to be more present in sectors with high face-to-face interactions, and where home-based work is less pervasive. State (and municipal) governments constitute a third group that is highly exposed to the crisis. Special attention will need to be devoted to the infrastructure sector, including energy, water, and transport, due to their strategic nature in the economy and potential contingent liabilities for the government. The financial sector was in a position of strength when the COVID-19 crisis started, and it will play a critical role during both the crisis and the recovery phase. Brazil has already put in place significant measures to address the economic crisis. Beyond the immediate containment of the crisis, Brazil will need to focus on laying the groundwork for a speedy and equitable recovery.
format	Policy Note
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	COVID 19 in Brazil : Impacts and Policy Responses
title_short	COVID 19 in Brazil : Impacts and Policy Responses
title_full	COVID 19 in Brazil : Impacts and Policy Responses
title_fullStr	COVID 19 in Brazil : Impacts and Policy Responses
title_full_unstemmed	COVID 19 in Brazil : Impacts and Policy Responses
title_sort	covid 19 in brazil : impacts and policy responses
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/152381594359001244/Main-Report http://hdl.handle.net/10986/34223
_version_	1764480445108453376

COVID 19 in Brazil : Impacts and Policy Responses

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