Brazil cuts growth, sees coronavirus quickly ravaging health system
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BRASILIA/SAO PAULO (Reuters) - Brazil began to process the accelerating horrors of the spread of the new coronavirus on Friday, slashing economic growth outlooks, warning of a healthcare collapse and announcing new measures to fight a crisis that has also taken a toll on President Jair Bolsonaro's popularity. The senate on Friday signed off on a state of emergency that will permit the government to waive fiscal targets this year.The Economy Ministry lowered its growth forecast from 2.1% to zero..