Cities such as Rio de Janeiro are moving toward full reopening. Photo: Delmiro Junior/ABr
A major blind spot for economic analysis in Brazil regards financial data on individual cities. One of the few such measurements available is Rio de Janeiro’s municipal economic activity index (IAE-Rio), based on tax collection data and economic surveys. The index accumulated 2.2-percent growth in the year and is set to recover pre-pandemic levels by September.
As of September 2, Rio de Janeiro will begin a two-month reopening plan, after which the use of facemasks will become optional in open spaces. Experts call the idea “reckless at best,” considering the threats posed by the Delta coronavirus variant.
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