According to the American bank Goldman Sachs, the Brazilian stock exchange has the biggest devaluation among the largest stock markets in the world with the coronavirus crisis. From January 17 to March 20, the Ibovespa in dollars depreciated 52%, according to a bank report released on Monday (23).
The second worst performance is Indonesia, with a drop of almost 50%. South Africa and Russia followed, with falls of around 45%. Chile has the fifth-worst performance, falling just over 40% in the period.
The United States and Europe have one of the smallest declines, with a 30% devaluation each.
In reais, the depreciation of the Ibovespa in the period was 42.5%. In the accumulated result for the year, there was a drop of 42%.
According to Goldman Sachs, the strong devaluation of the Brazilian market this year exceeds the average of previous crises.
Translated by Kiratiana Freelon