Brazil stocks to slog through worst year since 2008 as pandemic strikes

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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Trump restricts travel from Brazil as coronavirus cases spike - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Bring Balsonaro back to Mar-a-Lago again and have a party for him! Oh good, we wouldn’t want people to bring Coronavirus to the country that has the most Coronavirus.🙄 Too little too late... again.
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