Brazil is one of the fastest emerging economies across the globe with the nominal GDP of around $1.8 trillion in 2019 as per the International Monetary Fund. Brazil has also second-largest manufacturing sector in the Americas with industries ranging from automobiles, steel, and petrochemicals to computers, aircraft, and consumer durables. Brazil is one of the fastest emerging economies across the globe with the nominal GDP of around $1.8 trillion in 2019 as per the International Monetary Fund. Brazil has also second-largest manufacturing sector in the Americas with industries ranging from automobiles, steel, and petrochemicals to computers, aircraft, and consumer durables. However, the recent outbreak of coronavirus (COVID-19), originating from China, has put a threat to the macroeconomic stability of Brazil as well as other Latin American and the Caribbean countries. Countries of Latin America, including Brazil, have significant links to China and their economic relation with China have rapidly increased in recent decades, particularly through trade, foreign direct investment, and loans. In 2000, Latin America’s trade with China was valued at $12 billion, which increased to $306 billion in 2018. 

China represents nearly 28% of total Brazilian exports, 10.5% of Argentine exports, and 32.4% of Chile’s export. Moreover, these countries export primary products such as minerals and metals, agriculture products, and fuels to China. This trade of goods has got negatively impacted due to COVID-19 spread. The report analyzes the impact of COVID-19 on the Brazil economy and major verticals across the country. China has been trading with Brazil countries for decades. Its main Brazil trading partners include Brazil, Argentina, Chile, Peru, Colombia, and Venezuela. The export of these clusters of countries is concentrated in four products including copper, soy, crude oil, and iron ore, which represent around 75% of Brazil exports. The spread of coronavirus that has led to the implementation of lockdown for people as well as businesses, will negatively impact the trade of Brazil countries with China. 

Moreover, verticals such as automobile, retail, mining and minerals, travel and tourism, oil industry, and others have been analyzed in the report. The oil industry is one of the industries that contribute significantly towards the economy of some Brazil countries including Brazil and Mexico. Chinese companies have also invested a significant amount of capital in the oil and gas sector of several other emerging markets including Brazil and Mexico. Owing to the faltering energy consumption in China and the rapid spread of COVID-19 across the globe, these countries too may witness some dip in their oil and gas income. Brazil and Nigeria export considerable volumes of their crude oil production to China, which is expected to drop over the short term. Further, the report analyzes the companies operating in Brazil whose business operations are significantly affected due to COVID-19. Some of these companies include AmBev, Andrade Gutierrez, Avianca Brasil SA, Braskem SA, JBS SA, PetróleoBrasileiro SA, TrollerVeículosEspeciais SA, and others. 

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on Brazil's economy. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of the effect of COVID-19 on the Brazileconomy and major verticals in the country. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the pre and post-COVID-19 impact on Brazil's economy.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Brazil's economy.
• Insights about market determinants that are stimulating Brazileconomy.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.