Rio de Janeiro – The Economy Uncertainty Index, measured throughout the country by Fundação Getulio Vargas (FGV), declined 6.5 points from June to July and stood at 136 points. It offsets part of the cumulative increase of 23.7 points from May and June. Despite this, it still stands at a historically high level.
According to the FGV, the index had reached an “unusually high” level in June of this year, due to the uncertainties generated by the release of recorded conversations by entrepreneur Joesley Batista, owner of Friboi, and president Michel Temer. Because of this, says FGV, the index was already expected to come down in July.
*Translated by Sérgio Kakitani
