The damage caused by the blockades on Brazilian roads by groups of supporters of current President Jair Bolsonaro (PL) is reaching billions of reais.
To get an idea of the impact, the extension of the uprisings could lead to the spilling of at least 500,000 liters of milk on the asphalt, in a country whose population suffers from hunger, food insecurity and small shopping carts due to food inflation.
Last Wednesday night (2), three days after the protests began, President Bolsonaro made an appeal to his supporters, asking them to clear the roads and saying that he shares the frustration with the election result. The demonstrations, according to him, are part of the democratic game, but they cannot compromise the right to come and go, in addition to causing damage to the economy.
For the financial market, however, which flew over the blocks, the return of the All Souls holiday shows that the damage to the economy is inescapable. It is expected that there will be a correction in the roles of companies linked to retail, transport, logistics and food.
In addition, the Brazilian stock exchange will also not escape the topic of the day in global markets: the hike in interest rates by the Federal Reserve (Fed, the US central bank) and the so-called “Powell shock”, provoked after the incisive speech of the Federal Reserve. chairmen of the municipality.
In this Thursday’s episode (3), CNN Money brings a balance of the risks caused by the uprisings in the country and readings about what Jerome Powell’s message can mean for the world economy.
Presented by Thais Herédia and Priscila Yazbek, the CNN Money presents a balance of news issues that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.
*Posted by Tamara Nassif
Source: CNN Brasil
