Covid-19: Brazil will lose US$240 billion income from pandemic, says Unctad

In Brazil, says Unctad, "despite the pandemic's heavy human cost, the economy contracted by only 4.1% in 2020, the smallest impact among the largest Latin American economies."

RIO DE JANEIRO, BRAZIL - Brazil will suffer an income loss of US$240 billion between 2020-2025 because of the effects of the pandemic of Covid-19, according to projections of the United Nations Agency for Trade and Development (UNCTAD).

Globally, the entity calculates that developing countries will be US$12 trillion poorer by 2025 after having been affected by the pandemic.

In the case of Brazil, the projection is that this impoverishment will represent US$146 billion between 2020-21, or 8% of the Gross Domestic Product (GDP). Between 2022-2025, Brazil would lose another US$94 billion.

Thus . . .

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