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Brazil may lose US$1.5 billion of GDP in 2021 due to higher electricity prices – CNI study

RIO DE JANEIRO, BRAZIL - Brazil may lose up to R$8.2 (US$1.5) billion of its GDP in 2021 due to the increase in the price of electricity. This is what the National Confederation of Industry (CNI) estimates in the study "Economic impact of the increase in the price of electricity".

For 2022, the drop may reach R$3.8 billion in relation to the GDP that would occur without increasing energy prices.

The average readjustment of energy tariffs between 2020 and 2021 was 7.04%. However, in addition to the tariffs charged by the utilities, the National . . .

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