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Dollar above R$5.30 and oil forecasts up to US$380 put the PEC of benefits at risk

O dollar reached R$ 5.32 on Friday, the first day of July, reaching the maximum since February. As a result, exports in the country tend to increase and the supply of products domestically tends to decrease.

The American bank JP Morgan published a statement in which it predicts a worst-case scenario in which the price of a barrel of oil reaches US$ 380. This is in case the G7 decides to impose more sanctions on Russia and the eastern European country responds with retaliation, cutting off oil exports to Europe. .

According to economists, the value of the dollar exchange rate and oil forecasts may jeopardize the effects of the so-called “PEC of benefits”. The project, approved by the Senate last Thursday (30), provides for the recognition of the state of emergency in 2022 and releases R$ 41.25 billion in aid.

Experts warn that the PEC, in addition to having its effects harmed due to the global scenario, creates structural projects as early as 2023, with the lack of control of public spending.

Presented by Thais Herédia and Priscila Yasbek, 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.

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Source: CNN Brasil

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