A Rio with Closed Doors

Last to come out of recession, the state is the one closing most stores throughout the country.

By Richard Mann, Contributing Reporter

RIO DE JANEIRO, BRAZIL - Rio de Janeiro state is the one closing most commercial stores in the country and the same is true for its capital city.

The major events held during the Olympics 2016 in Rio de Janeiro which attracted public and private investment, delayed the entering of Rio de Janeiro into the economic recession that devastated the country in 2014.

But after the Olympic Games, both the city and the state plunged into a recession from which they are unable to emerge.

According to data from the CNC (National Confederation of Commerce of . . .

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