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Brazil lost nearly 10 million entrepreneurs to pandemic

RIO DE JANEIRO, BRAZIL - The number of Brazilians with a business established for at least 3.5 years plummeted from 22.3 million in 2019 to 12 million in 2020. The drop was not higher because of the increase in the number of startup entrepreneurs who opened a small business "out of necessity" because of unemployment.

The coronavirus pandemic drove almost 10 million Brazilians out of entrepreneurship, with women being the majority of those forced to close their businesses. This is shown in the 2020 Global Entrepreneurship Monitor report - a survey conducted in Brazil by SEBRAE (Brazilian Micro and Small . . .

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