71% of Brazilians do not believe in economic recovery in 2021 – survey

RIO DE JANEIRO, BRAZIL – Approximately 7 out of 10 Brazilians believe that the economic recovery will not occur in 2021, reveals a survey released by Boa Vista bank on Friday, May 28.

In the overall picture, 29% totally or partially believe that recovery will occur this year. On the other hand, 71% of respondents disagree or at least partially with the statement that the recovery will occur in 2021.

However, a good part of Brazilians agree that vaccination is a crucial factor for the country to get back on track. About 40% of respondents agree with this statement.

“The market is aware that the only way for the economy to recover is mass vaccination, which will allow free movement and consequently more opportunities,” said Flavio Calife, economist at Boa Vista.

The survey was conducted through online interviews between April 15 and 27. Boa Vista heard over 500 people in this period.

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