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30/01/2018 - 14:34hs

Economic uncertainty climbed in January

Indicator by Fundação Getulio Vargas went up 2.2 points this month over December. Uncertainty over fiscal scenario and political issues weighed down on the result.

Rio de Janeiro – The Economy Uncertainty Indicator, measured by Fundação Getulio Vargas (FGV) went up 2.2 points in January 2018 over December of last year. The indicator reached 109.6 points, in a 0-to-200 scale. According to FGV, there are uncertainties regarding the country’s fiscal situation and political issues.

The rise of the indicator was driven by media components (based on the frequency of news features mentioning uncertainty), which climbed 1.7 point, and market factors (based on the volatility of the stock market, measured by Ibovespa), which went up 7.1 points. The expectation component (made of forecasts by experts for the foreign exchange rate and the IPCA, the inflation rate) declined 0.8 point.

*Translated by Sérgio Kakitani

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