Brazilian Transportation Sector Sees Mild Recovery in 2021, According to Economic Indicators

Written by Paulo Nogueira

Published on 15/09/2020 at 08:11

Representação dos principais setores de transporte do Brasil

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A Survey Conducted with Major Companies in the Transportation Sector Showed That There Is Optimism for Recovery, But Many Fiscal Challenges Still Remain

Economic indicators, especially in the transportation sector, suggest that Brazil is leaving behind the worst phase of the COVID-19 outbreak, but will have to deal with fiscal challenges.

For the first time in three months, job losses in the transportation sector, heavily impacted by social distancing measures, did not increase. Some companies even laid off fewer employees, according to a survey presented on Monday (14) by the National Transportation Confederation (CNT).

The survey found that 35.9% of respondents expect a recovery in revenues in 2021.

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ECONOMY

The IBC-Br index from the central bank, considered a proxy for broader gross domestic product, rose 2.15% in July compared to June, marking the third consecutive monthly increase, according to data published on Monday.

The economy appears to have fared better than others overall, but fiscal risks have increased.

“Brazil’s superior performance so far can be attributed, to a large extent, to quick and decisive political responses, which helped mitigate the impact of social distancing measures on household spending (retail sales returned to pre-coronavirus levels as early as June), but due to the government’s fiscal constraints, this cannot be sustained for much longer,” said Mizuho Bank’s chief strategist for Latin America, Luciano Rostagno, in a research note.

“This means that the ongoing economic recovery will inevitably slow down in the coming quarters, and Brazil will still have to deal with its fiscal issues,” he added.

Brazilian Transportation Sector Sees Mild Recovery in 2021, According to Economic Indicators

A Survey Conducted with Major Companies in the Transportation Sector Showed That There Is Optimism for Recovery, But Many Fiscal Challenges Still Remain

ECONOMY

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Brazilian Transportation Sector Sees Mild Recovery in 2021, According to Economic Indicators

A Survey Conducted with Major Companies in the Transportation Sector Showed That There Is Optimism for Recovery, But Many Fiscal Challenges Still Remain

ECONOMY

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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Advancement in renewable energy: A R$ 150 million project launched by Petrobras and Finep aims to create state-of-the-art electrolyzers for green hydrogen, strengthening national research and preparing Brazil to compete in a billion-dollar energy market.

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