Economy

The thesis that monetary policy is what makes it possible to achieve stability and recover growth was not only maintained, but also deepened to the extreme.

The challenge of climate change, the Covid-19 pandemic and its severe economic impact, and the realignment of the global political chessboard that has already begun with the war in Ukraine put us in a similar place, but with some advantages.

The interpretation of Bolsonaro’s controversial statements has become a kind of Brazilian national sport. The last statement that sowed confusion was that of January 5 when he stated that Brazil is broke and assumed that he could not solve the problem.

The year 2020 ends with a notable contraction in the world economy, with unprecedented figures and for some countries the greatest decrease in gross domestic product since measurements were taken. In Latin America, according to ECLAC, in 2020 the worst economic, social and productive crisis that the region has experienced since the beginning of the 20th century took place.

On January 9, 2000, the Ecuadorian government announced the adoption of the US dollar as legal tender, after a deep economic, financial and social crisis. The decision was unilateral, desperate and lacking in political and economic coordination. Could Ecuador de-dollarize its economy?

Bolsonaro, as a typical populist, refuses to face concrete problems. He changes his position to suit public opinion and promises unrealistic achievements. The problem is that this leads the country to a crisis of sustainability of public accounts.

The pandemic continues. The growth of infections and the number of active people in Europe and America indicate that the disease is re-emerging in these areas. In some countries, the spread of the disease has not been significantly controlled and in recent weeks there has been a further increase.