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Brazil faces 'economic collapse' in 30 days due to lockdown: economy minister


Brazil could face 'economic collapse' in a month's time due to stay-at-home measures to stem the coronavirus outbreak, with food shortages and 'social disorder,' Economy Minister Paulo Guedes warned Thursday. Brazil, Latin America's biggest economy, is also the epicenter of the coronavirus pandemic in the region. But far-right President Jair Bolsonaro -- who appeared alongside Guedes, his free-market economics guru -- opposes stay-at-home measures to slow the virus, saying they are unnecessarily damaging the economy. 'Within about 30 days, there may start to be shortages on (store) shelves and production may become disorganized, leading to a system of economic collapse, of social disorder,' Guedes said. 'This is a serious alert.'

FRANCE 24 English - May 7, 2020

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