The pessimism continues

Autores

  • Thais Thimoteo FGV

Resumo

NO MATTER WHERE BUSINESSPEOPLE AND
CONSUMERS LOOK, they see no reason to feel
optimistic about the direction of the Brazilian
economy. The signs of a recession—GDP fell by
0.6% in June and 0.2% in March, two consecutive
quarters—uncertainty about the elections, and
the prospect of economic adjustments in 2015
have brought Confidence Indexes in 2014 down to
the levels seen during the 2009 global crisis. Since
December 2013, the Business Confidence indicator (ICE)
has fallen by 12%. Manufacturing and construction
have consistently had the gloomiest prospects, even
though the construction indicator went up in August
and manufacturing in both July and August.

Downloads

Publicado

2014-09-12

Edição

Seção

Economy