"Blame the media": Economic uncertainty grows under Temer-Meirelles.
The Getulio Vargas Foundation's (FGV) Economic Uncertainty Indicator increased for the second consecutive month in December, rising from 126,4 in the previous month to 136,4 points – the highest level since July. In December, the component that contributed most to the index's rise was "media." According to the study, the result signals a significant increase in the number of news items mentioning uncertainty in articles about the economy in the Brazilian press. Fernando Brito, from Tijolaço, states that "the drop is devastating and brings the index close to what was recorded before the impeachment." "Curiously, a good part of the fall in expectations comes from the effect of the media which, as in the period before Dilma's removal, weighed more heavily on pessimism than the objective situation of business."
247 - The Getulio Vargas Foundation's (FGV) Economic Uncertainty Indicator increased for the second consecutive month in December, rising from 126,4 in the previous month to 136,4 points – the highest level since last July.
In December, the biggest contributor to the index's rise was the "media" component. According to the study, the result signals a significant increase in the number of news stories mentioning uncertainty in economic articles in the Brazilian press.
The "expectations" component also contributed to the increase in the overall indicator in December, while the "market" item remained stable during the month.
“The result confirms the reversal of the downward trend observed between July and October, and the return to a period of high economic uncertainty in Brazil. Despite the significant increase at the margin, it is necessary to note the high volatility of this indicator, which has been heavily influenced by political events throughout the year,” says economist Pedro Costa Ferreira of FGV\IBRE, in a statement.
Below is text from brick Regarding the result:
Economic uncertainty increased by 10 points in one month, says FGV.
The Economic Uncertainty Index from the Getúlio Vargas Foundation, which combines the current assessment and expectations of each economic sector, was just released this morning.
The drop is devastating and brings the index close to what it had been recorded before the impeachment.
It rose from 126,4 in November to 136,4 points in December. "With the 10-point increase, the indicator reaches its highest level since last July (138 points)," says FGV.
Interestingly, a large part of the drop in expectations comes from the effect of the media which, as in the period before Dilma's impeachment, weighed more heavily on pessimism than the objective situation of business.
Hoaxes inevitably have a rendezvous with reality.