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The epidemic known as the coronavirus has spread and is affecting Petrobras and may soon affect even job vacancies
“In addition to the fatalities, the rapid spread of the coronavirus has left its marks on the global and Brazilian economy, especially Petrobras. Origin of the outbreak, China has the second largest TAX ID No of the planet, and a slowdown in its economy ends up affecting the entire world – with effects, for example, on countries that depend heavily on exports to the Asian country, such as Brazil.
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If, on the one hand, it affects company earnings and economic activity, on the other hand, the drop in commodity prices can make some products cheaper. An example: if the decline in oil prices persists, fuels may become cheaper in Brazil. For this, however, the fall of the real against the dollar cannot be so strong, as the rise in the US currency acts in the other direction, inflating the price of goods traded on the international market.”
First reaction to the coronavirus was in the financial market
In an attempt to contain the spread of the virus, China has taken drastic measures to reduce the flow of people on the streets and displacements across the Asian continent. Global stock exchanges started the week in decline. The price of a barrel of oil fell below $60 for the first time in nearly three months. The dollar appreciated against the real. And even the projections for the Selic – the basic interest rate of the Brazilian economy – were revised.
- Brazil's first mega underwater tunnel will be responsible for deforestation of 105 THOUSAND square meters of Atlantic Forest; on the other hand, the R$6 BILLION project will generate 9 THOUSAND jobs
- Federal government approves and pre-salt oil will be auctioned! New Chinese dominance?
- Governor announces R$25 MILLION for construction of new marginal roads on important Brazilian highway (BR)
- MORE TAXES! The government wants to increase taxes by 300% and eating out will become more expensive! Restaurant owners are already fearing the worst
On Tuesday (04), the World Health Organization (WHO) admitted that it was wrong in its initial assessment of the effects of the coronavirus. The organization went on to classify the risk of the new virus as “high”, and no longer “moderate”. The WHO also said that the disease is not yet a global health emergency, but that "it could become". The latest ones were swine flu (H1N1), zika virus and ebola.”
