Carnival cancellation makes country stop moving $1.5 bn

The cancellation of the Carnival to contain the Covid-19 account will not only suspend the national party. Data indicates that at least R$8 billion ($1.5 bn) will no longer circulate in the economy. Around 25 thousand temporary jobs will not be created either, according to the CNC’s estimate. In Rio, the suspension will be a blow to the tourism sector, with 98% of the country’s economy occupied in 2020.

Source: Folha