CNC estimates impact of $2.3 bn in retail with new emergency aid

The impact on retail of the new round of emergency aid, which began to be paid last Tuesday, should be R$ 12.75 billion ($2.3 bn), according to estimates by the National Confederation of Trade of Goods, Services and Tourism (CNC). The CNC survey estimates that, last year, R$ 293.11 billion ($52.3 bn) of the R$ 322 billion ($57.5 bn) made available by the government were effectively drawn by Brazilians.

Source: Valor Investe