Brasil Económico

• Eletrobras profit falls 77% to $ 620 million
• Grinding of sugarcane has high of 88% in Brazil
• Central Bank will help SME’s in $ 8 bn
• 10% of the Brazilian franchises will break
• BNDES will help Brazilian airlines with debentures

Argentina Económica

• Public and private banks offer loans to pay salaries at 24% per year
• Argentina foresees selling only 200,000 cars this year
• International oil prices continue to fall
• Government evaluates measures to alleviate the effects of the crisis on hydrocarbons
• The tourist dollar climbed to a record of 86.37 pesos

Chile Económico

• The Chilean economy is at about 70% capacity
• S&P forecasts a mild recession for Chile this year but a strong rebound in 2021
• BHP allocates $8 million dollars to implement rapid tests for Covid-19
• Government grants emergency voucher for 2.6 million households
• Senior business leaders estimate that there will be a recession in 2020

Mosoj ESG Intelligence