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Rio to Register Over R$3.5 Billion in Revenues Due to Carnival

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Rio de Janeiro state officials expect over R$3.5 billion to circulate during the five-day Carnival festivities, according to the Federation of Commerce of Goods, Services and Tourism of the State of Rio de Janeiro (Fecomercio-RJ).

"It's a volume that is surprising. It is very positive," said João Gomes, chief economist of Fecomercio-RJ. For Gomes, Rio de Janeiro is beginning to demonstrate "a certain [economic] recovery".

According to Fecomercio-RJ the average spending for tourists going to Rio state for the festivities will be . . .

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