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Biggest hit to Brazil economy appears to be in April, May: treasury secretary

imageEconomic Indicators1 hour ago (Jun 17, 2020 01:30PM ET)

BRASILIA (Reuters) – Brazilian economic indicators indicate that the worst of the coronavirus-led hit to activity was in April and May, Treasury Secretary Mansueto Almeida said on Wednesday.

Speaking in an online event hosted by media outlet UOL, the out-going Almeida also said that overhauling the tax system should probably be the government’s priority from an economic growth perspective, but admitted it may be difficult to get political consensus on a wide-ranging reform.

Biggest hit to Brazil economy appears to be in April, May: treasury secretary

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