Prognosis
Brazil Tops 12 Million Covid-19 Cases as Bankers Urge Action
- Social-distancing measures, vaccines defended in open letter
- Covid deaths near 300,000 as Brazil health systems collapse
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Brazil now counts over 12 million cases of coronavirus, and the country’s top banking and hedge fund executives, former central bank governors and key businessmen are urging political leaders to do more to fight the pandemic.
Figures including billionaire brothers Pedro and Joao Moreira Salles, co-owners of Itau Unibanco Holding, and Credit Suisse Group AG’s chief in Brazil Jose Olympio Pereira called the country “the global epicenter of Covid-19” in an open letter. The outlook, the group said, is becoming more alarming as health-care systems collapse amid a “desolate” economic and social situation.