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247 – Unemployment, the chaos of Pedro Parente and the electoral uncertainty have reduced the consumer's intention to go shopping and obtain financing; The central bank has already reduced consumer growth forecasts this year from 3% to 2.1%. "Consumption, which surprised last year by pulling the country's growth and was considered the engine of recovery in 2018, has lost its momentum."
"Consumers 'consumption dissipates in the midst of a country without leadership, without sovereignty and without democracy.Unemployment, still high, had maintained household spending, but the truckers' strike had worsened the scenario, undermining the confidence of business owners and consumers, reducing their willingness to go shopping and finance.
In recent weeks, economists have reduced their forecasts of growth in consumption in 2018. In the June report, the Central Bank reduced the projection of an increase in household spending from 3% to 2.1% .The Institute for Applied Economic Research (Ipea) also revised its forecasts: from 3.4% to 2.3%, while the consulting firm MB Associados reduced its consumption forecast from 3.5% to 2.6%, the same reduction being made by its GO partners. "[19659004] Learn more here.
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