Coronavirus effect: Brazil’s economy contracted 4.1% in 2020, up to 30 years

The Brazilian economy contracted 4.1% in 2020, reaching its peak in the last 25 years, affected by the COVID-19 pandemic, which paralyzes activities by some months and reduces consumption by 5.5%, informs these markets the Gobierno.

Pese a que la caída fue menor a la projected by el Gobierno y los economistas, followed by the mayor’s supra-retraction by Brazil in the last 25 years since that, in 1996, the indicator began to meet the current criteria, and surpassed the 3.5% decline in 2015, when the country paid its mayor recession in various decades.

Equally due to the mayor contraction of the country, Independent of the criteria of medicine, since 1990, when the economy retreated 4.35% by the confiscation of the arrears decreed by the incumbent President Fernando Collor, and the third mayor in the last sail, also surpassed by 1981 (4.25%).

Agreement with the data disclosed by the Brazilian Institute of Geography and Statistics (IBGE), the Gross Interior Product (GDP) of the country dog dog in 2020 front to 2019 arrested mainly by the degree of 4.5% of the services sector, which is responsible for around 70% of Brazil’s GDP.

Mientras que la caída del sector industriele fue del 3,5%, The mayor of South America’s salvation by a result thanks to the agropecuaria creation 2.0%, boosted by exports, increasing food prices in international markets and picking up records of soy and coffee products.

According to the demand, while the consumption of the families, the main engine of the Brazilian economy, decreased by 5.5%, the mayor has a historical background, the consumption of the Government is reduced by 4.7% and the inversion is 0.8%.

The final result is not only better than the one expected by all the analysts to clear the recovery trend after that the GDP of Brazil accumulates a 5.6% decline in the first semester of 2020 ahead of the same period of 2019 and 5% in the first four years of the past year.

In agreement with the IBGE, the GDP per capita of Brazil cayó a 4.8% in real terms (inflation was discounted), has 35,172 reals (6,395 dollars) in 2020, its result even in the last 25 years.

THE ECONOMY CREATED 3.2% IN THE LAST TRIM OF 2020

Looking at the negative result of the year, the Brazilian economy created 3.2% in the third quarter of 2020 ahead of the third quarter, which confirms the recovery trend over the most recent months of the pandemic and descent any recovery possibility.

GDP has a 7.7% advance in the third quarter ahead of the second 9.2% historical record that rises in the second quarter, as the distance means that negotiate and paralyze the following activities.

The economic recovery leads to the months immediately preceding the impediment that Brazil registers in the quarter to a 1.1% contraction before the 2019 period.

The good fortune of the economy in the last quarter of the third quarter was mainly driven by a 2.7% increase in services (industry increased by 1.9% and agropecurity decreased by 0.5%) and by increasing the consumption of families (+ 3.4%) and Gobierno (+ 1.1%).

Despite the fact that there are no dogs in Brazil in a new recession, the economic crisis provoked by the pandemic, which paralyzes activities by various measures and reduces the interest and consumption of Brazilians, interrupt the recovery that the country intends to take from the historic recession that took place in 2015 and 2016, when the GDP was reduced by about 7 percentage points.

Between the retractions of 2015 (-3.5%) and 2016 (-3.3%), Brazil started to climb in 2017, with a leap forward of 1.3%, and maintained a timely pace of recovery in 2018 (+ 1.8%) and 2019 (+ 1.4%).

The pandemic in 2020 and the recession of 2015 and 2016 provoked that Brazil will end the decade of 2011-2020 with its economic downturn in the last 120 years, including inferiority to the crippled decade of loss (1981-1990), when all of Latin America was punished by the crisis of external debt.

The economy created an annual increase of 0.3% annually in the 2011-2020 decade, by a 1.6% annual advance in the early decade.

Following the forecasts of the economists consulted by the Central Bank, The Brazilian economy will start recovering in 2021, with an increase of 3.47%, a percentage that will decrease to 2.50% in 2022, 2023 and 2024.

But this recovery is conditional on Brazil advancing in the immunization campaign against COVID-19, which is finally taking control of the pandemic, which in its few moments has been linked to a second most virulent and deadly death in the diarrhea deaths campaign. is at record levels.

(With EFE information)

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