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Brazil: Household default in São Paulo City reaches 21.8% in February

RIO DE JANEIRO, BRAZIL - Household default in São Paulo City reached 21.8% in February, according to a survey by the Federation of Commerce of Goods, Services, and Tourism of the State of São Paulo (Fecomercio-SP). According to the entity, it is the highest level since December 2019, when 22.2% were in arrears.

The percentage recorded in February means that 872,000 families are in arrears with their bills . . .

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