After experiencing an economic crisis in recent years, Brazil’s economy was slowly beginning to recover at the start of 2020 - that is, until the Covid-19 pandemic hit, causing Gross Domestic Product (GDP) to drop by around 4.5% in 2020.
Mixed bag for freight and passenger operators
After experiencing an economic crisis in recent years, Brazil’s economy was slowly beginning to recover at the start of 2020 - that is, until the Covid-19 pandemic hit, causing Gross Domestic Product (GDP) to drop by around 4.5% in 2020.
The renewal of freight concessions has seen billions allocated to Brazil’s freight network, but a severe drop in passenger numbers has resulted in the country’s transit operators entering 2021 in a very difficult situation. Photo: Shutterstock/Ariadne Barroso
Categories: Central/South America, Freight, Passenger