The Brazilian economy presents characteristics of what analysts call stagflation. GDP growth should be 1.8%, according to the IPEA (Institute for Applied Economic Research), but this recovery that began in 2021 is now accompanied by bad numbers in other sectors: industry, where negative growth rates are already are a fact, and agriculture and livestock, with low growth.
“The high costs of indebtedness and the shortage of inputs are affecting the industries of the neighboring country,” says Bloombeg.
Investment fell in the first quarter of the year and expectations for the remainder of 2022 are not encouraging, just when inflation is at its highest level in two decades
The campaign for the elections on October 2 is beginning to gain momentum, and while Bolsonaro managed to reduce the distance from Lula through a series of economic measures, such as Auxílio Brasil (economic subsidy program for families in extreme poverty ), the launch of the FGTS (Fundo de Garantia do Tempo de Serviço) and the payment of the 13th bonus to retirees and pensioners, previous surveys project a defeat for the current president.
Thus stated, Bolsonaro called on his followers to prepare for “war” and prevent the nation from “following the path of other South American countries” in the next elections.
Source: Ambito
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