To read the full version of this content please select one of the options below:

National protests put government on notice in Brazil

Monday, March 16, 2015

Significance

The protests followed smaller pro-government demonstrations on March 13. Rousseff faces growing social discontent, not only over corruption claims linked to the Petrobras scandal, but also rising unemployment, inflation and taxes. Although no leading opposition party or organisation is coordinating the protests, the government is concerned about the negative impact on Rousseff's approval ratings.

Impacts

  • Inflation this year is forecast to surpass the 6.5% maximum target by at least 1 percentage point.
  • Unemployment rose from 4.3% in December to 5.3% in January; companies involved in the Petrobras scandal may see heavy job losses.
  • The government is tightening fiscal policy and establishing new rules to fight tax evasion, but faces congressional opposition.
Expert Briefings Powered by Oxford Analytica
Stay up to date
Sign up to the Expert Daily Briefings email alert and receive up-to-the-minute analysis of global events as they happen.
*If your university does not have access to Expert Briefings, visit our information page to find out more.