The current level of unemployment in Brazil probably nears 15-20 %. The country has financial reserves but they will decay rapidly in the crisis and the help of the IMF and WB will be necessary. Brazil is in a very difficult political situation as President Bolsonaro does not provide the necessary leadership. The entire world is suffering from Donald Trump’s policy of division, while Chinese are filling the empty space and offer cooperation – which will have consequences, says former Brazilian President, Fernando Henrique Cardoso.
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This video was recorded on May 11, 2020.