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The indicator of economic uncertainty of the Getúlio Vargas Foundation (IIE-Br) fell by 8.3 points between June and July 2018 to establish at 116.8 points. With the result, the indicator persists in the region of high uncertainty (more than 110 points) for the fifth consecutive month.
"After the shock of June, the uncertainty went down again but continues above 110. The points of resistance to a further decline in uncertainty are the presidential elections and the external scenario. Around here, although the proximity of the elections clearly shows who the candidates are, there are still many doubts about the president-elect's commitment and his ability to perform a fiscal adjustment that puts the country on the spot. On the external front, one must expect more predictable behavior from President Trump and the end of the trade war, which could cause enormous damage to the economy. world, "says economist Pedro Costa Ferreira, FGV IBRE
The month of July was broadcast among its three components, with the focus on the media component.The market component fell by 3, 7 points, contributing 0.4 point to the behavior of the general index during the month; The expectation of IIE-Br fell by 1.3 points, representing a contribution of -0.3 points for the aggregate index. Meanwhile, the IIE-Br media fell 8.7 points from June, working with -7.6 points for the indicator's behavior.
(Redaction – Investments and News)
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