Economic recovery and public debt to be discussed at online event held by FGV IBRE and Folha de S. Paulo
Macroeconomic indicators show that the worst of the economic crisis caused by COVID-19 is seemingly behind us. Economists are now asking themselves what will happen going forward. Brazil’s gross domestic product slumped 9.7% in the second quarter, and this decline could have been even greater had it not been for the government’s emergency aid. But does the government have the ability to maintain this spending as the public debt explodes? Experts will debate this topic on September 17, from 10 am to 11:30 am, in a webinar called “The Paths of Recovery,” organized by Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE) and Folha de S. Paulo. The meeting will be broadcast on FGV’s and Folha de S. Paulo’s YouTube channels, and on FGV’s LinkedIn page. Registration is free of charge.
The goal is to understand how Brazil’s economy will react after the amount and reach of emergency aid is reduced, given that private domestic demand is now heavily dependent on government transfers, unemployment remains very high and there has been significant growth in social inequality. Another important point in this context is the high degree of uncertainty about the direction of the economy, politics and possible risks of a second wave of COVID-19.
The speakers in this virtual meeting will be Nilson Teixeira, founding partner of Macro Capital; Armando Castelar, FGV IBRE’s applied economics coordinator; and Manoel Pires, an associate researcher at FGV IBRE. The moderator will be Folha de S. Paulo special reporter Fernando Canzian. For more information and to sign up, click here.