FILE PHOTO: People look at an electronic board showing the graph of fluctuations of market indices at the floor of Brazil's BM&F Bovespa Stock Market in downtown Sao Paulo, Brazil, May 9, 2016. REUTERS/Paulo Whitaker/File Photowould close this year 22.4% lower than at the end of 2019, further scarring Latin America's No.1 economy, already hit by a recession of historic proportions.
The median view would deliver a gain of 4.7% on local equities compared to Monday’s closing values, which were still weak even after the index climbed 34.7% from a nearly three-year low in March at the apex of the virus panic. The country lost its second health minister in a month after Bolsonaro demanded wider use of unproven anti-malarial drugs to fight the coronavirus in one of the pandemic’s worst global hotspots.
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Who could have guessed that electing Brazil's Trump would lead to a complete disregard of the seriousness of the coronavirus?
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