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LatinNews Daily - 19 June 2020
In brief: Brazil’s economic activity sees record fall in April
* Brazil’s central bank (BCB) has released its indicator of economic activity (IBC-Br) for April, a preview of GDP growth, which shows a record 9.73% contraction compared with March. This is the IBC-Br’s largest monthly contraction since the historical series began in January 2003. Year-on-year, the April IBC-Br contracted by 15.09%, accumulating a fall of 4.15% in the first four months of 2020, and a -0.52% variation in the 12 months to April. April was the first month that Brazil felt the impact of the coronavirus (Covid-19) pandemic, and measures taken to contain it, in full.
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