Fourth Brazilian Prospects Seminar discusses 2021 after year of pandemic
On December 7, from 10 am to 11:30 am, Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE) will hold the Fourth Brazilian Prospects Seminar of 2020. The virtual event will be the last of this year, marked by the coronavirus pandemic and its impacts on the health and economy of Brazil and the world. It is being jointly organized by the O Estado de S. Paulo newspaper and it will be broadcast on FGV’s YouTube and LinkedIn channels.
Brazil, which was only just starting to recover from its previous recession, was hit hard by the COVID-19 pandemic, which led to social isolation and strongly impacted the economy, especially the services sector.
Following a 11.9% drop in GDP in the first quarter, the economy has been recovering, but it is still expected to end the year 5.0% smaller. High unemployment, increasing labor market informality and social inequality, the fiscal situation, political uncertainties, inflation and external factors will also be challenges for the government next year.
Silvia Matos, the coordinator of IBRE’s Macro Bulletin; Armando Castelar, the coordinator of FGV IBRE’s applied economics area; and José Júlio Senna, the head of FGV IBRE’s Center for Monetary Studies, will debate the possible impacts of a second wave, which is now happening in Europe, Brazil and other parts of the world; what will happen next year if a vaccine is now available to everyone; and how to maintain fiscal incentives offered by the government to boost the recovery without further worsening the public finances. The event will be moderated by Silvia Araujo, a journalist and the executive editor of Broadcast.
To watch the event free of charge, sign up here.