Pandemic withdraws $2.3bn in investments in Brazil

With public investment squeezed by the fiscal crisis, infrastructure contributions are expected to total R$ 124.6 billion ($24bn) in 2020, almost the same as in 2019. According to a study by Inter.B Consultancy, it is estimated that the pandemic could decrease this year by about 10%, or about R$ 12 billion ($2.3bn) will no longer be invested because of interruptions or postponement of plans.

Source: UOL Economia