Brazilian pessimism with financial situation increases – FEBRABAN

Amid uncertainties surrounding Brazil's economic and political situation in the coming months, the reopening of the economy prompted by vaccination has been unable to reassure Brazilians about the economy's growth prospects in the short term. With respect to their own financial situation, pessimism has grown.

RIO DE JANEIRO, BRAZIL - According to the 3rd edition of the quarterly FEBRABAN Radar survey on the evolution of Brazilians' economic expectations, approximately 2/3 of respondents said they expect more consistent signs of improvement in the economy to start only next year.

On the other end, only 9% believe in a solid recovery of domestic activity still in 2021.

The survey also showed that around 55% of the population say they do not expect their own financial situation to improve in 2021.

The result marks a slight worsening in the perception of respondents - in June, 52% said they saw . . .

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