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Carnaval 2020 Expected to Inject R$8 Billion into Rio’s Economy, Says CNC

RIO DE JANEIRO, BRAZIL - The extended holiday is expected to generate R$8 (US$2) billion in tourism-related activities this year, estimates the National Confederation of Goods, Services, and Tourism (CNC). If confirmed, the turnover represents a one percent real increase over the same period last year and the highest figure since 2015.

According to the CNC, "the gradual rebound of economic activity, coupled with low inflation" tends to reflect in the moderate upturn of tourism services. In addition, the stronger dollar against the Brazilian real should favor a greater inflow of tourists.

The Ministry of Tourism expects that . . .

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