Business

São Paulo reopening fuels business optimism

Retail is confident with São Paulo's reopening — despite fears of the Delta variant, rising inflation and high household indebtedness

São Paulo reopening fuels business optimism
São Paulo is reopening, despite the rise of the Delta variant. Photo: Rovena Rosa/ABr

After almost a year and a half, São Paulo’s retail sector can finally breathe a sigh of relief as the state government announced a lifting of all restrictions on non-essential businesses in place to combat the Covid-19 pandemic. As of now, commercial establishments in the state can return to normal operations without any time limitations and at full capacity. The sector has welcomed the move, after suffering severely during the health crisis. 

However, increasing cases of the coronavirus Delta variant, a rise in indebtedness of Brazilian citizens, and a drop in families’ purchasing power could end up hampering its recovery.

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