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If reinstated, Rousseff has said she would call a referendum on holding early elections.
The BRICS nations account for about a quarter of global economic output.
The worst hit are countries which have relied on oil exports as a major source of income.
WHO and the CDC say cancelling the Games won't significantly alter the spread of the disease.
Rousseff is facing the impeachment trial on charges of breaking budget rules. She vigorously denied wrongdoing.
The government wants public spending cut; the deficit trimmed but is it time for a new economic model?
Relations with China and India will be a priority, said Serra.
"We are closely watching the development of the situation in Brazil," the Chinese Foreign Ministry said.
Commerzbank's Krieger says making important changes to Brazil's trade approach will boost potential for economic revival.
On Thursday, Temer announced a new cabinet where all 24 of his ministers are white men.