Tag Archives: reporting

How Covid-19 impacts the Brazilian economy | Instant News

Every day we are bombarded with news related to the Covid-19 pandemic, its impact on health, the economy and the world at large. This is very important, because reliable information is the best weapon to combat Covid-19, related to public health and the global economy.

It makes no difference in Brazil. More than 2 million people tested positive for Covid-19, with 80,000 deaths. This will have a profound effect on us socially and economically.

Market forecasts, in periodic bulletins from the Central Bank of Brazil, are less pessimistic than some distributed by international agents. Earlier this month, the International Monetary Fund projected a decline in Brazil’s economic activity by 9.1 percent this year, while the World Bank projected an 8 percent withdrawal. The Central Bank of Brazil, however, sees a 6.4 percent withdrawal in the economy this year.

In any case, a significant decline in economic activity affects the country in a year where a stronger economic recovery is expected. In early 2020, when the new coronavirus pandemic was concentrated in China and it was unclear when and how it would arrive in Brazil, experts estimate annual economic growth of around 2.3 percent.

Market and domestic policies

In an effort to curb sales momentum and at the same time give investors time to understand what has happened in the past few months, circuit breakers on the Brazilian stock exchange have resurfaced, and have also been practiced on other stock exchanges around the world. But Ibovespa had the best second quarter since 1997 and accumulated an increase of around 50 percent, supported by global liquidity that was expanded by measures to combat the economic impact of Covid-19, in addition to lowering base interest rates to historic lows.

Basic Sanitation Law, recently approved by the Brazilian parliament, created new regulatory references with the aim of universalizing water supply and sanitation services, and modernizing the most backward sectors of national infrastructure. This allows a large increase in investment in the collection and treatment of wastewater and water supply networks, with the potential to generate more than 1 million jobs in this sector alone.

To minimize the impact of the pandemic, the federal government has approved R $ 90 billion ($ 17.5 billion) in emergency assistance for around 64.1 million Brazilian recipients. In addition, the Brazilian Central Bank estimates that it will issue up to $ 55 billion in credit to small companies.

The strong tendency towards concessions and public-private partnerships also tends to heat up the Brazilian economy, attract resources and produce jobs. In the Northeast region of the country, the transposition of São Francisco river waters to arid regions, as well as the seawater desalination and artesian well drilling projects, are examples of this effort.

Foreign trade

Despite the Covid-19 pandemic, Brazil continues to record a positive trade balance. In June the surplus was $ 7.46 billion, according to data from the federal government. That’s the best trade balance for June since records began in 1989. This is largely due to agriculture, which grew 23.8 percent this year, compared to the same period last year.

In another initiative to combat the challenges posed by the Covid-19 pandemic, the Brazilian government, through the Securities and Exchange Commission (CVM), issued a series of initiatives aimed at holding a shareholder meeting. The published rules are another indication of the efforts of CVM and market participants have jointly undertaken to make capital market events continue to occur.

Greater optimism

Greater optimism has led some analysts to revise their Ibovespa projections to the top. Goldman Sachs, Bank of America and XP Investimentos all outlined new scenarios, more positive for Brazil’s main stock index in 2020, including considering important phenomena from retail investors in Brazil. Since the beginning of the year, there have been records of the number of individuals entering B3, which has helped reduce the impact of foreign investor outflows.

Market agents oversee risks to emerging economies, especially the Brazilian economy, amid a very challenging scenario caused by a coronavirus pandemic. However, with excess liquidity in the world and a sharp decline in Ibovespa, investors have found a reason to evaluate the national stock market with a better eye.

André Vasconcellos is director of the Brazilian Institute of Investor Relations (IBRI) and leads investor relations at Electrobras


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News media from Brazil and Peru made room for important voices, frontline workers and people in quarantine during the pandemic | Instant News


Following the disruption caused by the COVID-19 pandemic in the daily routines of people around the world, some Latin American media dedicate space for the voices of those who want to share their stories, especially those from the front lines.

“I have never seen corpse jam,” said a gravedigger to Dhiego Maia de Folha de S. Paulo for important workers fighting the corona virus. (Screenshot.)

In early April, the Brazilian newspaper Folha de S. Paulo decided to use a platform created by its interactive content team to tell how immigrants lived in São Paulo, this time to share stories about important workers without whom quarantined people could not survive.

“‘Trabajadores esenciales contra el coronavirus“The project (an important worker against coronavirus) was first published on April 3 with profiles of four professionals: a pharmacist, a police officer, an application driver and a road sweeper,” Dhiego Maia, reporter from Folha de S. Paulo, told Knight Center.

The series is the brainchild of a newspaper diversity editor, Alexandra Morais, whose department was created in 2019 to reflect the diversity of the country’s social and daily life in the newsroom. According to Maia, from the beginning, the purpose of this series was to reproduce the interviewees’ stories, “in full and in a logical order,” about their daily lives during the pandemic.

“We also did not start the project with doctors and nurses, professionally it has been highlighted in this lifetime war. The idea is to explain the forgotten functions, but they are just as important for the health of metropolitan cities, as people who collect our waste, “he added.

Maia has an arduous task of finding stories of people who alleviate, in some way, the suffering of the majority. According to Maia, telling these stories from the place where they happened greatly enriched the story. Together with photographer Karime Xavier, and with all security and distance protocols, Maia interviewed the characters she contacted or that she was referred by public and private institutions.

The format of the story, said Maia, is visually related to the format of the social network to connect readers. The stories of the interviewees, which are published approximately daily, are presented with ten photos accompanied by ten sentences of 230 characters each.

“The size of the text is very important not to disturb the display of content on mobile,” said Maia. “We are one of the countries that consume the most social networking on the planet, so, when our readers open platforms, especially on mobile phones and confronted with templates that are very similar to social networks, they click and read them all. “

“Important workers against coronavirus” will have a special chapter in the series that shows the work behind the interview cameras and their characters. “This choice will feature the stories that have the most impact, the risks that Karime and I face and the feeling of walking in other São Paulo – empty and sad.”

Ojo Público and quarantine diaries

Journalists in Ojo Público, a Peruvian investigative journalism website, began to think about the space to give voice to ordinary citizens shortly after the isolation steps began to reduce the spread of the virus, Nelly Luna, founder and general editor of Ojo Público, told Knight Center.

Diario de la cuarentena: las historias de todos“(Quarantine Diary: Everyone) was released on April 12th.” The aim is to open a meeting room for different voices, from their daily lives, fears and hopes. These voices are not represented in the media, so two weeks after the start of quarantine we prepared a project together with audience editor, Carlos Bracamonte, who was the most enthusiastic promoter of this process, “Luna said.

“Quarantine Diary: Everyone”, from Ojo Público. (Screenshot.)

In this space, according to Luna, the stories are published every day and in the first person of “parents who have been unemployed because of the crisis, older adults who now live alone and must successfully eat, or just stay active.” Also, he added, are stories of “small traders who witnessed businesses they have built for years dead, people with anxiety who have to postpone therapy or their families who also see quarantine as an opportunity to be together, or women who now work three jobs: telecommuting, virtual school classes and also cooking or doing other household chores. “

In an email account created for the project, Luna said, they received dozens of testimonies, some short, others extensive, sometimes they even received a complete diary that some people started when quarantine began. “People can pay attention to the need to talk about this issue, about isolation, and how it affects us all,” he said.

“You didn’t tell them which topics were most relevant, but now they were the ones who told you what was most important to them. That is an extraordinary attitude of trust, “said Luna.” It was very exciting for me, on the first day the emails began to arrive, I read them all night and cried, I felt that we had to do more. A mixture of helplessness and at the same time, uncertainty about what to answer them. Uncertainty is a giant shadow where we have to work and live together lately. “

The stories received are read and answered by the audience editor, who is responsible for verifying the sender’s data and identity. Some people who work in public entities ask not to include their last names for fear of retribution, Luna said. Then they chose it, edited it with respect to the orality of the writer, and the team’s graphic artist, Claudia Calderón, proposed and made illustrations for each of them. “Every email that comes questions us and forces us to think about the need to reaffirm journalism commitments and social contracts with public services,” Luna said.

“As a journalist, someone is accustomed to many stressful situations, long working hours, and emotional burdens, but opening this diary opens a different situation for us, as if you share isolation simultaneously with each of them. … the responsibility is tripled, “he said.

At the forefront of Salud con Lupa

For Salud con Lupa, a Peruvian journalistic website that specializes in health issues, the publication of testimonies arises from the needs of the protagonist himself, doctors, nurses, and hospital workers and health center officials who are at the forefront in combating the coronavirus virus.

“At the forefront” of Salud con Lupa. (Screenshot.)

“Salud con Lupa began to receive emails and messages to their social media accounts from health workers and janitors who report very serious situations and also ask for help. In many cases, people prefer anonymity because in mid-April – when they themselves began filtering pictures and testimonies on video on social networks – EsSalud, Minsa (Ministry of Health) and other health institutions forbade them from speaking to the media under threat of sanctions or dismissals, “Fabiola Torres, founder and director of the site, told Knight Center.

Documentation front line the story they received had three goals: to give them space to share their experiences in the first person, collect their complaints and in turn write long format narrative stories or informative story which offers solutions to those problems, and documents stories of extraordinary struggles and examples that take place in health centers and little is known.

To edit their story, Torres said that they got the help of an independent doctor, Daniel Rojas, who interviewed health workers who came to them to share their stories. He helped the team edit the testimony by verifying that the information and data were correct before being published.

“Listening to or reading the voices of those on the front lines allows us to talk about life stories, about what we experience to understand the dimensions of a pandemic. There are no numbers or statistics that tell a story. Statistics that the authorities report to us every day don’t say anything if we don’t understand the story, “Torres said.

There are some testimonies that are very difficult and others give more hope, Torres said, quoting the story of a nurse who “regained his enthusiasm when his ICU patient raised his hand to greet him after days lying in bed.”

In the future, the Salud con Lupa series will become a book that contains the anthology of all published testimonies, as “a way of documenting historical moments that we should not forget, but learn from those lessons to avoid repetitive mistakes,” Torres said.

The short-term plan is for this space to become a collaborative project that includes testimony from front-line staff from 10 other Latin American countries, as part of a regional coverage effort led by Salud con Lupa, Torres said.


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