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The truckers' strike frustrated the expectation of an acceleration of economic growth in the second quarter. Before closing, badysts were unanimous in pointing out that there would be an improvement in the economy between April and June compared to the first three months of the year. With the effects of the May move, the forecast for the second quarter gross domestic product (GDP) increased from 1% to about $ 1 billion. 0.2% compared to the latest figures of the economy. And there are even those who project a retraction of activity in the period. In the first three months of the year, gross domestic product (GDP) increased 0.4%, a result considered to be rather low.
Second quarter figures are still published. The April results even surprised positively and signaled the possibility that the economy is entering a more robust growth trajectory, but the first figures of May and June show that activity has been strongly affected by the strike and that the recovery should be slower than expected. Industrial production in May, for example, decreased by 10.9%. This was the biggest decline since December 2008.
"The strike has caused a great disorganization of the transport sector and in several segments of the economy," says economist GO Associados Luiz Castelli . "In addition, there has been a shock in the confidence of entrepreneurs and consumers, which has a direct impact on the economy."
In the projection of GO Associados, the GDP of the second quarter should have fallen between 0.2% and 0.3%.
