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LatinNews Regional Monitor: Brazil & Southern Cone - 10 March 2020
From LatinNews Daily
On 9 March, Brazil’s economy minister Paulo Guedes said he maintained “absolute serenity” as markets worldwide crashed in reaction to the effects of the coronavirus (Covid-19) epidemic, and argued that Brazil’s economic and fiscal reforms will help the country weather a global crisis.... Read More
* Brazil’s five-year credit default swap (CDS) widened by more than 50 basis points yesterday (9 March), pushing 200 points according to latest reports, as stock markets and oil prices crashed worldwide in reaction to uncertainty surrounding the coronavirus (Covid-19) outbreak.... Read More
In a 9 March TV interview Argentina’s President Alberto Fernández conceded that Argentina’s economy will “very likely” contract again this year and voiced concerns that the international context will deepen the country’s economic crisis.... Read More
* Uruguay’s ministry of livestock, agriculture, and fisheries (MGAP) has declared an agricultural emergency in areas spanning five departments in the south of the country which have suffered from drought: Montevideo, Canelones, San José, Maldonado, and Lavalleja.... Read More
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