Over 30 Percent of Brazilian Companies Impacted by Coronavirus in March

Industry was the most affected sector, with 43 percent of companies reporting coronavirus impacts on their business in the month.

RIO DE JANEIRO, BRAZIL - Over 30 percent of companies in all sectors felt the impacts of the coronavirus pandemic on their business in March, according to a survey by the Getulio Vargas Foundation (FGV). The institution included special topics in its monthly surveys to research the impact of the crisis on companies and consumers.

In March, industry was the most affected sector, with 43 percent of companies reporting the impact of coronavirus on their business. Next came commerce (35 percent) and services (30.2 percent).

Moreover, the negative impacts are expected to increase in coming months, according to respondents: 68 . . .

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