Bloomberg

Brazil, Latin America's Covid hotbed, leads its economic rebound

People walk through a market in Sao Paulo, Brazil, on July 30, 2020. Photo: Jonne Roriz/Bloomberg.

Brazil, home to the most severe Covid-19 outbreak in Latin America, is emerging with the region's shallowest recession this year, thanks to a faster economic reopening and temporary stimulus measures.

The nation that trails only the U.S. as a global virus hotspot has seen key indicators including industrial output and retail sales outstrip economist expectations just as stores and factories resume operations and the government spends billions of dollars worth of emergency aid...

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