May 4, 2020 / 7:40 PM / a month ago

Brazil eyes new fiscal measures if crisis lasts extra 4 months - Economy Ministry official

BRASILIA, May 4 (Reuters) - Brazil will have to consider drawing up a new set of emergency fiscal measures if the crisis sparked by the coronavirus pandemic lasts for another four months, economic policy secretary Adolfo Sachsida said on Monday.

Speaking in a live online event hosted by Eleven Financial, Sachsida also warned that unemployment will rise sharply, but said Brazilian industry should look to take advantage of the real’s fall to a record low against the dollar. (Reporting by Marcela Ayres Writing by Jamie McGeever; Editing by Sandra Maler)

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