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France’s lockdown is pushing economy into deeper recession

Bloomberg The French government was forced to revise its economic and financial forecasts for the second time in less than a week after President Emmanuel Macron extended the lockdown to combat the coronavirus. France will base an emergency budget on economic output contracting 8% this year, instead of 6% as it had planned last week. Extra spending to support companies ...

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Brazil seeks flexible fiscal goal for 2021 amid crisis

Bloomberg Brazil’s economic team wants to adopt a flexible fiscal target for 2021 as uncertainties caused by the novel coronavirus make it difficult to estimate the impact of the crisis, according to four people with direct knowledge of the matter. The government has until April 15 to send a bill to Congress with forecasts for next year. The bill has ...

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JBS to shut Colorado beef plant

Bloomberg JBS SA, the world’s top meat company, will shutter its beef facility in Greeley, Colorado, through April 24 amid an outbreak of the coronavirus among plant employees and neighboring communities. The Greeley facility will wind down operations over the next two days with a diminished staff to ensure existing product in the facility can be used to support food ...

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