Finance

Rio poised for pain on low oil price and Covid-19

Brazilian state has relied for years on income from oil royalties and could be heavily affected by economic crisis

Lighting the way: Rio de Janeiro's iconic Christ the Redeemer statue is lit up as if wearing a protective mask amid the Covid-19 pandemic
Lighting the way: Rio de Janeiro's iconic Christ the Redeemer statue is lit up as if wearing a protective mask amid the Covid-19 pandemicPhoto: AP/SCANPIX
Rio de Janeiro
Published 14 May 2020, 06:35Updated 14 May 2020, 06:35
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