Brazilian tourism industry lost some US$ 50bn and 13% of sector jobs in 2020 — MercoPress



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Brazilian tourism industry shed some US$ 50bn and 13% of sector careers in 2020

Friday, February 12th 2021 – 09:42 UTC

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“It is a huge toll, and restoration will likely get right until 2022 or 2023”, reported CNC economist Fabio Bentes in the report.

The Brazilian tourism sector missing 261.3 billion Reais (some US$ 49bn) last 12 months thanks to the COVID-19 pandemic, the National Confederation of Commerce, Items, Service and Tourism (CNC) mentioned on Thursday.

In a report, the CNC reported that the figure represented the interval between March and December 2020, that is, from the arrival of the novel coronavirus infection in the country. Taking into account all of 2020, the losses totaled about US$51 billion.

“It is a big toll, and recovery will probably just take right until 2022 or 2023. We have currently noticed some restoration in trade and agribusiness, but not in the support sector,” mentioned CNC economist Fabio Bentes in the report.

The pandemic also triggered the decline of 397,100 official work opportunities in Brazil’s provider sector, a 13% reduction when compared to 2019 and the most significant task reduction amongst all sectors of the Brazilian overall economy.

For 2021, the CNC tasks a contraction of 9.7% in the Brazilian tourism sector.

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