RIO DE JANEIRO, BRAZIL - According to a survey and report by Brazilian newspaper Valor Econômico, state and city investments in Brazil plunged in the first half from the same period in 2015.

Considering states and capital cities, the volume fell from R$19.5 (US$4.87) billion in the first half of 2015 to R$9.2 billion this year, a 52.8 percent decline.

The comparison is made with 2015 to consider the same period in the electoral cycle for the two levels of public administration. Just like 2019, 2015 was the first year in office for . . .

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