Government Estimates R$20 Billion Loss in GDP for Every Week of Isolation

A note prepared by the Ministry's Economic Policy Secretariat also states that an extension of the restriction period leads to an increase in costs, from bankruptcy and dismissals.

RIO DE JANEIRO, BRAZIL - For each week of social isolation due to the novel coronavirus, the country's GDP (Gross Domestic Product) should record an immediate loss of R$20 (US$3,4) billion, points out a study released on Wednesday, May 13th, by the Ministry of Economy.

A technical note produced by the portfolio's Economic Policy Secretariat also states that an extension of the restrictions period leads to an increase in . . .

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