Carnival Celebrations Canceled Thanks To Brazil's Sinking Economy
Several Brazilian cities canceled plans for annual Carnival celebrations due to the country's recession.By Katie Link | January 25, 2016
For several cities across Brazil, there will be no parties in the streets this year. No confetti, no elaborate costumes and no parades. Simply put, Carnival is canceled.
The reason? It's too expensive. As many as 48 cities across the country are skipping the upcoming celebration because they can't afford it. (Video via CCTV)
Budgets are tight because the country's economy is tanking. The combination of high unemployment, government scandal and rising inflation means purchases need to be strategic.