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rdf:type	schema:NewsArticle
schema:articleBody	Brazil's industrial output plunged by 4.5 percent last year as the coronavirus pandemic battered Latin America's largest economy, particularly the auto and clothing industries, the national statistics institute reported Tuesday. Brazilian companies took a massive hit when much of the country went into partial lockdown in March and April, which caused industrial output to plummet by 27.1 percent. Despite eight months of gradual recovery since then, production did not fully rebound. The auto industry, which ground to a near-total halt in March, ended the year with an output contraction of 28.1 percent, said national statistics institute IBGE. The clothing and metal industries shrank 23.7 percent and 7.2 percent, respectively. The year ended with a better-than-expected monthly gain, however: industrial output increased by 0.9 percent in December, beating analysts' forecast of 0.3 percent. Brazil has been hit hard by the pandemic. It has the second-highest death toll worldwide, after the United States: more than 225,000 people killed by Covid-19. It is currently in the grip of a nasty second wave that has brought new economic uncertainty. The Brazilian economy is set to register a contraction of 4.5 percent for 2020, and make a modest rebound of 3.6 percent this year, the IMF forecasts. Far-right President Jair Bolsonaro faces criticism from health experts for his handling of the pandemic, including his resistance of social distancing measures. He argues business closures and other restrictions are causing economic damage that is worse than the virus itself. The hit to industrial output was the worst annual contraction for Brazil since 2016, when the figure came in at -6.4 percent in the second year of a record two-year recession. js/jhb/ft
schema:headline	Brazil industrial output plunged 4.5% in 2020
schema:mentions	Latin America National Institute of Statistics and Geography Brazilian Institute of Geography and Statistics Heavy metal music Industry Far-right politics Recession International Monetary Fund President of Brazil Social distancing Jair Bolsonaro Lockdown Pandemic Virus Brazil United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 Economy of Brazil
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-02 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	58 (xsd:integer)

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