Without Credit to Survive Pandemic Isolation, Many São Paulo Businesses Collapse

Half of the bars and restaurants in São Paulo closed down, unable to access the federal government's aid program. Only 12.7 percent of companies in Brazil had access to credit for the payment of wages.

RIO DE JANEIRO, BRAZIL - With the advancing coronavirus pandemic and the isolation rules, many businesses succumbed to the crisis and were forced to permanently close their doors. In São Paulo, little by little, the "for rent" signboards multiply throughout the city's landscape, exposing the consequences produced by the economic shutdown.

In the virtual world, social media publishes announcements about the closure of venues that struggled to survive and adjust to the "new normal" imposed by Covid-19, but were unable to continue.

The gastronomic sector was one of the most heavily impacted. Of São Paulo's 23 . . .

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