Economics
Brazilians Are Shunning Reopened Shops as Virus Upends Economy
- Stores are opening even before pandemic reaches its peak
- Brazil central bank chief warns of fear in domestic economy
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Brazil’s aggressive push to reopen businesses before controlling the coronavirus pandemic is so far yielding only modest gains, with industrial output and retail recovering just part of their historic losses.
Cities from Rio de Janeiro to Brasilia are lifting restrictions on commerce while new cases of Covid-19 hover near records. As the World Health Organization warns the peak of the pandemic remains weeks away, even President Jair Bolsonaro tested positive for the virus on Tuesday.