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28/12/2017 - 12:45hs
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Economic uncertainty up in December

The indicator climbed 0.8 point in December from November, the Brazilian Institute of Economics at Fundação Getulio Vargas (FGV) said this Thursday (28).



São Paulo – Brazil’s Economic Uncertainty indicator climbed 0.8 point from 112.8 in November to 113.6 in December, the Brazilian Institute of Economics at think tank Fundação Getulio Vargas (Ibre/FGV) said this Thursday (28). November also saw the score go up from 111 in October.

FGV economist Pedro Costa Ferreira said that towards the end of this year, uncertainty levels are higher than usual. “As we had said before, the fact that the government is struggling to approve structural reforms, existing fiscal imbalances and political-partisan divisions seem to be preventing uncertainty regarding the economy from returning to its average historical level.”

*Translated by Gabriel Pomerancblum

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