Productivity discussed in webinar

Economics

The speakers will discuss how the pandemic has affected the economy and labor market, especially sectors and workers with lower productivity, such as less educated informal workers in the domestic and personal services segments

The coronavirus pandemic has had different impacts on Brazil’s low productivity. To analyze these effects and how Brazil could improve its efficiency in this area, Fundação Getulio Vargas’ Brazilian Institute of Economics (FGV IBRE) and the O Estado de S. Paulo newspaper will hold the Second Productivity and Reforms Seminar. This virtual meeting will take place on Monday, December 14, from 10 am to 11:30 am. You can watch the event free of charge on FGV’s YouTube and LinkedIn channels and on the YouTube channel of O Estado de S. Paulo’s Economics Section.

Silvia Matos, the coordinator of FGV IBRE’s Macro Bulletin, and Fernando Veloso, a researcher at FGV IBRE, who will participate in the event, are among the people responsible for the productivity indicators calculated every three months by FGV IBRE and posted on the Productivity Observatory. The other speaker will be Marcos Mendes, an associate researcher at Insper, a higher education institute in Sao Paulo. The moderator will be O Estado de S. Paulo columnist Adriana Fernandes.

The speakers will discuss how the pandemic has affected the economy and labor market, especially sectors and workers with lower productivity, such as less educated informal workers in the domestic and personal services segments. The effects on productivity of the dissemination of technology and its more intensive use imposed by social distancing measures will also be discussed. Recent studies by the World Bank link greater use of technology at work to improved business efficiency and productivity.

The meeting will also look at the need for business reforms due to major changes in consumption patterns. In Brazil, reforms were already under way even before the pandemic, as seen with the recent passing of a law to reform the water and sewage regulatory framework. Other important bills are currently before Congress, including to enact tax and administrative reforms and to give the Central Bank autonomy.

Those interested may sign up free of charge here.