Macroeconomy/Finance

Economists recommend austerity to Brazilian families

The decline in Brazilians’ income amid the economic crisis caused by the covid-19 pandemic, worries economists. The effects are felt in the fall of the purchasing power and in the consumption capacity of the families. The percentage of households in debt reached 66.6% in April this year – a record since January 2010. The OECD predicts that Brazilians may reach up to 8% poorer in 2021, compared to 2019.

Source: UOL Economia

Categories: Macroeconomy/Finance