Market Research Report
Retail Savings and Investments in Brazil - Coronavirus (COVID-19) Sector Impact
|Published by||GlobalData||Product code||951633|
|Published||Content info||19 Pages
Delivery time: 1-2 business days
|Retail Savings and Investments in Brazil - Coronavirus (COVID-19) Sector Impact|
|Published: July 23, 2020||Content info: 19 Pages||
The Coronavirus (SARS-CoV-2) outbreak, dubbed COVID-19, is first and foremost a human tragedy, affecting millions of people globally. The contagious Coronavirus, which broke out at the close of 2019, has led to a medical emergency across the world, with the World Health Organization officially declaring the novel Coronavirus a pandemic on March 11, 2020.
Fears surrounding the impact of COVID-19 have already significantly impacted the global economy, with most countries across the world registering declines in economic growth for the year to date. Many economists and institutions have cut their forecasts, with many experts predicting the onset of recessionary environments.
A similar trend has been seen in Brazil, with economic growth declining in Q1 2020. The International Monetary Fund (IMF) anticipates a 5.3% decline in Brazil's GDP in 2020, while unemployment is set to rise to 14.7%. This will impact the country's retail savings and investments industry. Brazil has been among the countries worst hit by the pandemic, with the second-highest number of confirmed cases (behind only the US).
This report focuses on the impact of the coronavirus outbreak on the Brazilian economy and the country's retail savings and investment market. It also highlights the measures adopted by the government to combat COVID-19. Based on our proprietary datasets, the snap shot contrasts GlobalData's pre-COVID-19 forecasts and revised forecasts of total retail bond, deposits, equities and mutual funds holdings in terms of value and growth rates. It also analyses the effects on HNW wealth, examining the importance of different industries as a contributor to HNW wealth.