The pandemic has sped up certain trends that have a strong effect on the world economy: shrinking of the consumer class, increase in extreme poverty and inequality, and an aging population.
In Brazil, the effects are exacerbated by populism, which destroys the confidence of foreign and local private sector investors.
There is a need to mobilize civil society to achieve reforms that are essential for recovery of the economy, and to support local governments and the third sector – which have been acting effectively on emergency fronts in combating the Covid-19 crisis.