Survey: 65% believe Brazil’s economy is on the wrong track

RIO DE JANEIRO, BRAZIL – According to a survey released Thursday, January 27, 65% of Brazilians believe that the country’s economy is not on the right track.

The survey conducted by IPESPE (Institute for Social, Political and Economic Research) shows that with the pandemic outbreak, confidence in the Brazilian economy began to drop.

However, you have to interpret this result with a pinch of salt. The vast majority of Brazilians understand only Portuguese and therefore simply believe what the media tell them. And the country’s major media are hostile to the Bolsonaro government, badmouthing it wherever they can in light of the upcoming elections.

In February 2020, 47% of the population believed that the economy was on the right track, while 40% thought it was not.

Since the emergence of Covid-19, the numbers have reversed. The end of last year reached a peak of distrust, with 69% of respondents believing the economy was not faring well.

This year, with the “Auxílio Brasil” (Brazil Aid), the number has dropped by 4%, yet the rate is still high.

According to former BNDES president and former Minister of Communications Luís Carlos Mendonça de Barros, with the payment of the upcoming installments of “Auxílio Brasil,” the scenario should improve.

“Over time, certainly this [the payment of the Auxílio Brasil] will have some positive influence on the President’s rating, but we will suffer with inflation for the remainder of the year,” he emphasized.

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