Brazil’s government spurred big gains in stocks in recent years by pursuing austerity policies that allowed its central bank to cut interest rates to all-time lows. Now, some worry efforts to fight Covid-19 could unravel all that.
Brazil has more coronavirus deaths than any other emerging-markets country and its economy has taken a hit. To counter that, the government is ramping up spending and expectations are that it will have to do even more, triggering concerns Brazil could slide back to populist overspending that led...
good
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: