RIO DE JANEIRO, BRAZIL - A study commissioned by the International Chamber of Commerce (ICC) estimates that Brazil could have an economic cost of tens of billions of dollars depending on the pace of vaccination against the Covid-19 pandemic.
This cost could be as high as US$224 billion (R$1.2 trillion) if all emerging markets were able to vaccinate only half of their populations. The cost rises to US$336 billion if access is restricted throughout 2021.
According to the ICC, losses do not depend on whether or not the country imposes a lockdown.
The ICC notes that . . .