Brazil faces ‘economic collapse’ in 30 days due to lockdown, minister says

News Wire Reported that “Brazil faces ‘economic collapse

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.”

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