Macroeconomy/Finance

Coronavirus crisis can take up to $ 90 billion from consumption

The coronavirus crisis can take up to $ 90 billion from the pockets of Brazilians this year. The retraction will lead to reduced demand and production in several sectors, undermining the strength of the post-pandemic recovery. Areas such as tourism and transport already feel the contraction in demand but based on the drop-in consumption observed in other crises, the tendency is for the decline to spread to other segments, even in the food sector.

Source: Folha

Categories: Macroeconomy/Finance