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 . . .