Crisis reduces consumption for nine out of ten people in Brazil
A survey released this week by the Data Popular Institute shows that the economic crisis has reduced the consumption for nine out of ten people in Brazil. The interviews were conducted from January 4th to 12th, with 3,500 consumers over 16 in 153 municipalities in all Brazilian states.
According to data, out of the 99% of respondents who believe the country is in crisis, 81% are sure to be living a recession period, and 55% said that this is the worst crisis they have ever faced.
According to Renato Meirelles, Institute's president, this happens for two reasons. The first is that now there is a huge number of consumers who were not adults at a time Brazil faced hyperinflation. "It's a group of young people who tend to think that this is the worst crisis. But we have had crises reporting higher unemployment rates, when the country had less international reserve than today and more inflation," he noted.
The other reason, according to Meirelles, is that as the current crisis came after a strong stage of growth, and many Brazilian people came to afford products and services that they could not consume before. Therefore, there is a stronger sense of loss.
Data Popular's President pointed out, however, that many people who failed to run their personal projects last year, are willing to carry them out in 2016. Out of 63% of people who planned to buy a property in 2015 but could not buy it, 35% believe that they will be able to realize this dream in 2016. The percentage rises to 69% when added the number of people who planned to buy a household appliance in 2015 and could not buy it (54% of respondents).
Translated by Amarílis Anchieta
Fonte: Crisis reduces consumption for nine out of ten people in Brazil
