Brazil will lose $178 bn with the pandemic, says Unctad

The pandemic will result in a loss of $178.1 billion to Brazil by the end of 2021, according the United Nations Conference on Trade and Development, Unctad. The projection is for a loss of $102.2 billion in 2020 and $75.9 billion in 2021 (values adjusted at 2015 prices and exchange rate). In Unctad’s scenario, at the end of 2021 the Brazilian Gross Domestic Product (GDP) will be almost 10% lower compared to the pre-pandemic expansion trend. There was a net drop in income in practically all countries.

Source: Valor International