Macroeconomy/Finance

Pandemic bill in Brazil has reached $140 bn

According to a survey conducted by Estadão, based on government and bank estimates, the pandemic is expected to cost around R$ 700 billion ($ 140 bn) in 2020 alone, the equivalent of almost 10% of GDP and R$ 3,300 ($660) for each Brazilian. From the public accounts point of view, this represents almost six times the deficit forecast for this year before the pandemic, of R$ 124.1 billion ($25 bn).

Source: Isto É