No Vaccine, No Carnival, No R$8 Billion

Cancel or postpone? Brazil's largest festival will definitely feel the pinch of the pandemic. Early this year, pre-Covid-19, Carnaval added at least R$8 billion to the country's economy.

RIO DE JANEIRO, BRAZIL - The pandemic triggered by the novel coronavirus has stopped the world. The service, trade, and industry sectors have been severely impacted, and the reflection of this shutdown should persist until a potential vaccine against Sars-CoV-2 is approved and widely distributed.

Carnaval - Brazil's largest festival - will also feel the pinch of the pandemic. This year, at least R$8 billion (US$1.6 billion) were raised during Carnaval in the country's economy. This represented an increase of 48 percent compared to the preceding year and a record, according to the National Confederation of . . .

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