Financial services and fintech foreign direct investment (FDI) into Brazil slumped last year as the Covid-19 pandemic ravaged the global economy, and spending continues to remain subdued as the Brazil government struggles to get on top of the crisis.
Brazil has the world’s second-highest Covid-19 death toll after the US, with more than 563,000 fatalities. The country is now battling a new wave of infections, which has overwhelmed hospitals.
