Brazil headed for `whatever it takes` QE as coronavirus crash looms
(World News Brazil)

BRASILIA — Brazil’s central bank could soon be forced to fire up the money printing presses if the coronavirus-fueled recession facing Latin America’s largest economy is as devastating as some economists fear. Hopes for any growth this year have all but evaporated. Many observers expect Brazil’s $1.8 trillion economy to post its first annual contraction since 2016. Some are predicting the biggest crash in decades, with a slide of up to 6%. With President Jair Bolsonaro’s government keen to reduce a substantial deficit, it may fall to the central bank to fire the financial “bazooka” required to prevent recession from turning into depression,...