Rio de Janeiro – The Economy Uncertainty Index, measured by the Fundação Getulio Vargas (FGV) dropped 11.2 points in October over September of this year to 110.3 points, in a zero to 200 points scale.
With the result, the indicator reached its lowest level since March of this year. Despite this, FGV states that it still reflects a high level of uncertainty. According to FGV, the survey was conducted before the election’s final results but, nevertheless, was already reflecting the pools that pointed to a victory by then candidate Jair Bolsonaro.
“Given the current scenario, it’s expected that this downturn trend will only be sustainable if the president elected is able to pass the needed measures for the recovery of fiscal sustainability and a stronger economic growth,” says FGV researcher Raíra Marotta.
Translated by Sérgio Kakitani
