It is clear that no one is happy with the fall of the Stock Exchange in recent days, especially when Bolsonaro began to make changes in his government since Mandetta's resignation.
The main index of the Brazilian stock exchange, the B3, closed sharply this Friday (24), following the negative climate on international stock exchanges and with the departure of Sergio Moro from the Ministry of Justice.
To our sadness, the Ibovespa ended the day with a strong low of 5.45%, at 75,330 points. During the day, it retreated 9,54%, touching a low of 72,040. See more quotes.
However, the dollar closed sharply higher at R$ 5.65. Among the main falls, Petrobras fell by almost 6% and Banco do Brasil by more than 13%. The day before, the stock market closed down by 1.26%, at 79,673 points
Economists fear the stock market will continue to fall
We all know that Moro’s decision – who gained notoriety as the main judge of the Lava Jato operation – comes after the resignation of the director general of the Federal Police, Maurício Valeixo, by President Jair Bolsonaro, published in an extra edition of the Official Journal of the Union this Friday.
As Folha said, President Jair Bolsonaro's political weakening should bury Minister Paulo Guedes's (Economy) liberal agenda once and for all and lead the government to adopt a more interventionist position to try to promote the recovery of economic activity in the post-pandemic period.
That is the assessment of economists who gave interviews to Folha de São Paulo this week, who disagree, however, on the viability of a strategy that increases the State's presence in the economy, through, for example, the investment plan in infrastructure with public resources.
Other leading specialists are saying that the future projections are not at all pleasant, the signs are clear, that the country tends to walk again towards a national-developmentalist economic policy.
In addition, specialists also believe that the GDP has to fall, our Gross Domestic Product today is 4.1%, but at least this is what has been traced so far by Tendências, with the possibility that the economy will only return to the level of 2019 at the end of 2021, it is already optimistic in the face of the new political environment created with the departure of Sergio Moro from the Ministry of Justice and Public Security.
After all, what to do?
Anyway, we must wait for the new changes. To learn more about economic news, stay tuned on our portal Digital Insurance or go now to the official portals below.
Source: G1 Economy and Economic Value.
