RIO DE JANEIRO, BRAZIL - On Tuesday, June 16th, Economy Minister Paulo Guedes stated that the Covid-19 pandemic is like a "biological bomb" that has led the country to an acute situation of fiscal emergency.
"The pandemic is the real black swan, it is a biological bomb. The public calamity produced a particularly acute case of fiscal emergency," he said in a videoconference organized by the Institute for Penal Guarantee (IGP).
The Minister further estimated that Brazil will be in a new stage by November, with a good year from then on. "I think by September, October, November, we will . . .