The Brazilian economy had its worst month in 15 years: in May, it fell by 3.34% – 07/16/2018

The Brazilian economy experienced its largest decline in 15 years, or 3.34% in May the worst indicator since the Central Bank began measuring the level of income. activity, in 2003. Focus Bulletin of the institution, made on the basis of calculations of leading private consultants, considers that June data may indicate improvement. But growth estimates for this year are significantly lower than initially expected. The expansion would be only 1.6% and not the previously calculated 3%.

Immediate consequence of such uninviting prospect, The skepticism has increased: calculated by the Getulio Vargas Foundation, l & # 39; Business Confidence Index (ICE) decreased by 1.9 point in June compared with May. "This deepens a trend outlined in April and May." Part of the increase in discouragement in June had to do with the truckers strike at the end of May, but that added to other factors. The slow pace of economic recovery, the lack of credibility of the government's (Michel Temer's) policy in this area, and the political uncertainty, "said the report. entity.

The question that specialized consultants are asking now is how this will influence investment decisions and even the consumption. There is something that is clear to all: the insecurity generated by the electoral panorama, only 83 days before the presidential elections of 7 October. As the technicians warn, they must be made worse by the deterioration of the financial conditions that hinder any investment project.

Indices that appear on industrial production, retail sales and auto sales reveal the dominant pessimism: 9% less of the goods that they manufacture. Services, which represent a key segment of the economy, fell 3.8% and construction, autos and auto parts fell 4.9%. All of this reveals an end of year, and the Temer government, nothing promising. According to economists, in order to prevent May's economic slowdown from becoming a permanent drag, there should be a recovery of no less than 6.6 in the July-August-September quarter. %. Nobody bet in this direction. "For the rest of the year there are still uncertainties about the pace of economic activity," admitted the Central Bank through its Focus newsletter.

. the character elected to command the destinies of Brazil over the next quadrennium, the legacy of economic fragility will dye the first year of government and, who knows, also the second. For starters, unemployment in Brazil is record: there are 13.2 million workers in working conditions who can not become addicted.

This morning, in the Anhangabaú Valley, in the center of the capital of São Paulo, a crowd has gathered. the trade union trade union neighborhood. The entity had offered 1,800 positions, under an agreement with the companies in the sector. But the volume of interested parties exceeded what was expected . Now they will try to find another 500 jobs. For the union, it was a "surprise". There were people who had begun to line up since Sunday night.

It is this, neither more nor less, he is at the base the "disinterest" of Brazilians by the October elections. According to Ibope Intelligence's director, Marcia Cavallaria, this became apparent after a qualitative research that promoted the institute. "Voter groups of different profiles expressed only despair and anguish," admitted the specialist to the newspaper Estado de Sao Paulo . He revealed that the electorate "has no prospect of improvement". In their badysis, they "do not see, among the candidates, which of them will leave the country of the situation in which it is located."

all, only when campaigns begin "can identify prospects". Marcia said the Brazilians are extremely cautious: "They will not be carried away by miraculous projects." And as for the "unknown" candidates that may arise until next August, "they are not excited either. They perceive that the panorama is very complex for an entirely new person to rule. "

In this context, it is not surprising most of those who say today that they will vote in blank, who will cancel the vote, or who simply will not vote, are just women: women represent six out of ten disillusioned Brazilians. This is not a detail for the candidates for executive power.They account for 52% of the national electorate.