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 . . .