Nova Realidade Covid-19 após 1 ano

Overview KPMG The resurgence of the Covid-19 pandemic has once again lit the red light of the acute economic and social crisis that has befallen the country since last year. Thanks to measures approved by the National Congress and implemented by the Federal Government - several of them suggested by the CNI and other entities in the sector at the end of 2020, Brazilian industrial production had already surpassed the pre-pandemic level, while GDP had returned to the same landing. ― In early 2021, the economic recovery was underway and there were still several obstacles to be overcome to enable a sustainable resumption of economic growth. But here, in the first quarter, unfortunately, came the second wave of covid-19, which hit the whole of Brazil very hard. The challenge, which was already great for 2021, has become even greater. What would be a year of implementation of structural policies to consolidate recovery and lay the foundations for sustained growth gave way to the pressing need for new emergency measures to support citizens and businesses. In addition to the extension of financial assistance to families, which has already been provided by the Government and Congress, it is essential that measures are also reissued to help ensure the survival of companies and the maintenance of jobs. And it is necessary that these actions, which proved to be efficient last year, are urgently redeployed, since there was a sharp drop in economic activity in March and, probably also in April. Source: CNI © 2021 KPMG Auditores Independentes Ltda., a Brazilian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. BD210890 Página | 28 C

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