Economic review

72 pct of Brazilians pessimistic about economy: poll

2018-06-12 05:45:44 (Beijing Time)         English.news.cn

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BRASILIA, June 11 (Xinhua) -- Some 72 percent of Brazilians feel the country's economic outlook worsened in recent months, according to a poll released on Monday by pollster Datafolha.

In the survey, some 32 percent of those queried believe the economy is going to get worse in the coming months, while 26 percent believe it will get better.

Asked about their personal financial situation, 49 percent said it had deteriorated, compared to 42 percent in April, and just 10 percent said it had improved.

This increasing pessimism about the economy comes less than four months before presidential elections in October.

The survey concurs with the expectations of the financial market, which on Monday saw analysts downgrade their 2018 growth forecast for the sixth time in a row this week from 2.18 percent to 1.94 percent.

Analysts have blamed the lower growth figure on slower than expected growth and a crippling truckers' strike in May to protest rising fuel costs.

According to Datafolha, 69 percent of Brazilians think the strike did more harm than good, 20 percent said it was beneficial and 8 percent did not respond.

However, 70 percent are in favor of price controls on fuel, even if they affect the earnings of the state-run oil giant Petrobras.

On Sunday, Datafolha released a poll that showed disapproval of President Michel Temer's government has reached a record high of 82 percent, with just 3 percent approving his performance.

Datafolha's latest poll queried 2,824 people in 174 cities from June 6 to 7, and has a two-point margin or error.