Business

Previ has a deficit of $ 4.3 bn in the first quarter

Previ, a pension fund for Banco do Brasil, had a deficit of R$ 23.6 billion ($ 4.3 billion) in the first quarter of 2020. The negative result of 12.39% reflects the crisis generated in the markets by the coronavirus, classified by the institution as ” the biggest crisis of the last century “. The foundation points out that the segment most impacted in the period from January to March was variable income, with a decrease of 26%.

Source: Estado de Minas