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After the national unemployment rate reaches a new high, what rescue measures will the Brazilian government launch?

1. In order to avoid large-scale layoffs, Brazil’s National Open Bank will provide a total of 55 billion in credit support to companies affected by the epidemic to help affected companies maintain a certain degree of liquidity. The new measures allow companies to defer the payment of some taxes and social security payments within the next three months, and the conditions for obtaining loans will also be relaxed accordingly.

2. The Brazilian government will simplify the approval procedures for business licenses, business licenses and industrial and commercial registrations for low-risk commercial activities carried out to maintain livelihoods. Provide assistance to economic sectors and vulnerable groups in society and avoid rising unemployment.

3. The Monetary Policy Committee of the Central Bank of Brazil continued to slowly relax monetary policy and lowered Brazil’s benchmark interest rate by another 0.25%, from 14% to 13.75%. At the same time, due to the weakness of the domestic economy and the growth of inflation, monetary easing policies will be further released.

4. Brazilian companies that join the PPE plan can reduce employees’ working hours by up to 30% and reduce corresponding wages. Half of the employee's salary reduction will be compensated by the government through the Brazilian Labor Protection Fund. In other words, if an employee's salary is reduced by 30%, but through government compensation, the actual reduction is only 15%. The Brazilian Ministry of Labor stated that Mercedes-Benz Cars has the largest number of employees registered in the PPE plan, with 8,900 employees registered. The first company to join the PPE program is car seat manufacturer Grammer, which now has 451 employees who will receive monthly subsidies. The government hopes to reduce unemployment through the PPE program.

5. The rising unemployment rate has promoted the growth of small loans. The average credit amount per customer is 3,000 Heai, the average repayment period is 6 months, and the average monthly interest rate is relatively low. . Maintaining employment has become the main focus of the Brazilian government to combat the negative impact of the epidemic. In recent years, Brazil's economy has improved slightly, but the proportion of unemployed people is still as high as 11.2%, with the total number of people reaching 11.9 million. In order to prevent the epidemic from hitting the already severe employment situation, the Brazilian Ministry of Economy has introduced a series of measures and invested 147.3 billion reais in emergency funds to provide assistance to economic sectors and vulnerable groups in society to avoid rising unemployment.