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Brazil March 27, 2021 / 02:05 am UTC

When Does Brazil's Health Chaos Start to Recede?

By Priscila Robledo
While Brazil has not yet reached a peak in terms of transmission and deaths, with tighter social distancing restrictions in half of the states including Sao Paulo (the biggest one), we believe transmission will see a turn for the better over the coming weeks. However, in our view, for most of the year vaccine levels will not be enough to shield the country from a virus resurgence, which will delay the confidence recovery and send headwinds to domestic demand.