LatinNews Daily - 20 March 2020

* The Confederação Nacional do Comércio de Bens, Serviços e Turismo (CNC) has calculated that revenue in Brazil’s tourism sector was down 16.7% in the first two weeks of March compared with the previous year, equivalent to losses of around R$2.2bn (US$432m). The CNC estimates that this decrease in activity, a result of the international travel restrictions due to the coronavirus (Covid-19) pandemic, could lead to the loss of some 115,600 formal jobs in the sector. With Brazil now announcing its own restrictions on movement, the situation is set to worsen. On 19 March it was reported that the government will close its land borders to non-nationals, and block entrance via air to foreign nationals from the European Union and Asian countries.

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