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Brazil’s Living Standards to Retreat 12 Years with Eternal Crisis

RIO DE JANEIRO, BRAZIL - Like a cartoon stepmother, the pandemic dumped dirt on a floor that was being cleaned up, with great difficulty and delay, by Brazil over the past decades.

In addition to the fiscal troubles that this has caused, the coronavirus crisis has pushed Brazilians' living standards back to mid-2008, when the world was suffering its last recession.

This scenario is based on the country's per capita GDP, the division of all a country's wealth by the number of its inhabitants. The indicator is used to gauge the living standards of a country's citizens . . .

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