1 in 3 Brazilians think the economy will improve by the end of the year

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After a first semester with slow vaccination and many economic activities closed, Brazilians are optimistic about the next six months. According to the most recent EXAME/IDEIA survey, one in three people believe that the economic situation will improve by the end of the year.

This sentiment is in line with the expectations of the Ministry of Economy, which this week raised its Gross Domestic Product (GDP) growth forecast from 3.5% to 5.3% in 2021.

The EXAME/IDEIA survey interviewed 1,258 people between the 12th and 15th of July. The interviews were carried out by telephone, with calls to both residential landlines and cell phones. The survey is a project that brings together EXAME and IDEIA, a research institute specializing in public opinion. The margin of error is plus or minus three percentage points. Click on here to read the full report.

EXAME IDEIA ECONOMIA 1 in 3 Brazilians think the economy will improve by the end of the year

(Art/Exam)

Maurício Moura, founder of IDEIA, explains that optimism regarding the economy in the coming months is greater among groups that support President Jair Bolsonaro. In the Midwest region, which has historically guaranteed good government evaluation rates, 47% of people think the situation will improve.

Despite the positive feeling, Moura points out that compared to other countries, where the pace of vaccination is faster, the Brazilian feeling is worse. “The feeling about the economic outlook is quite diffuse and correlated with the presidential popularity assessment. However, compared to international data, we can say that Brazilian public opinion is more pessimistic”, he assesses.