Coronavirus Severely Impacts Rio de Janeiro’s Retail Economy

The global economy has also been severely affected by the Coronavirus pandemic. In Rio de Janeiro, the situation is no different.

RIO DE JANEIRO, BRAZIL - In Rio de Janeiro, the State Treasury Department issued a report through the Coordination of Economic and Tax Studies (CEET) - which, in turn, falls under the Secretariat of Revenue - to illustrate the economic impacts caused by Covid-19 in the state.

The main losses caused by the social isolation period, so far, have been felt in the clothing and footwear retail sector, with a 75.9 percent decrease in revenue.

In addition, the food and beverage sector of bars, restaurants, snack bars, and bakeries has also suffered losses over 60 percent.

The study was based on . . .

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