RIO DE JANEIRO, BRAZIL - The escalating novel coronavirus pandemic has well-known economic consequences: a drop in economic activity and unemployment.
To avert major shocks, the demand for credit has been high. According to the Brazilian Federation of Banks (FEBRABAN), R$4.5 trillion (US$830 billion) in credit was granted by banks between March last year and this year, an average of R$347 billion a month.
During the crisis period, the demand from companies rose 12.1% compared to the preceding period. However, entrepreneurs continue to seek credit assistance, such as the National Program of Support to Micro . . .