Why is the current crisis having such an impact on the market?

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Before we talk about the impact of Covid-19, it is important to analyze the country's situation beforehand. Brazil went through a major recession in the last decade — between 2015 and 2016, GDP decreased by around 7% .

Since then, several measures have been implemented with the intention of bahrain phone number list growth, such as pension and labor reforms. It is clear that the country was no longer in a good economic position, but was trying to recover.

Now, we are at a time when the coronavirus pandemic has forced all companies to change their production routines. Several segments have had to temporarily close their establishments. This is the case of bars and retail stores — others, such as industries, have reduced production.

Even related segments, such as the stock market, were impacted. This year, Bovespa was forced to make 6 circuit breakers in a short space of time to contain the declines. The result is that the crisis in Brazil, in addition to having arrived at a time when we were still recovering, ended up affecting the market in a more aggressive manner.