Enjoy a 15% discount on all purchases until the 31st of March 2023 using the promo code EOFWEB22 at check out!

Economy Our insights on the global economy, business environment and the world’s major cities inform business strategy and pinpoint opportunities and risks.

Dilma Rousseff's Impeachment: What Does it Mean for Brazil?

Marcel Motta Profile Picture
Marcel Motta Bio

As the impeachment process in Brazil unfolds, on May 11th the Senate asked Dilma Rousseff to step aside for up to 180 days while the chamber analyses and considers her removal from office. Since May 12th, Vice-president Michel Temer has taken office as interim president and nominated a brand new team for his government.

What has changed since then is a clear modification in the macroeconomic policies adopted. The new team has signaled Brazil will likely go through a time of fiscal austerity and more liberalism in the economy – a good thing for a country that needs to control the trajectory of its debt to GDP ratio and needs to increase overall productivity in the economy.  The new team has more political capital than the former to approve the much needed measures in the congress. Central bank is likely to act more independently than under Dilma’s administration. Brazil went through a process of growth based solely on increasing consumption for the last twenty years and this cycle now has come to an end. A clear sign that this growth in consumption was coming to an end was the double digit growth most industries Euromonitor covers showed in the last 15 years, i.e. volume sales of consumer electronics growing at 13% a year for fifteen years, volume sales of consumer appliances grew by 9% a year for 15 years.

The number of Brazilians that depend on government aid over the past fifteen years have decreased. They majority now had jobs and jobs having disappeared so have vanished people’s support for Dilma.

Interested in more insights? Subscribe to our content

Explore More

Shop Our Reports

Occasion Innovation in Snacks: Routine Concepts

As consumers consider and preplan their snack purchases more in lieu of economic challenges, anchoring innovations around consumer routines and need states has…

View Report

Global Industrial Trends

This report provides a global overview of industrial trends from 2022 through to 2027 for the key manufacturing and service sector industries. Insights analyse…

View Report

Global Inflation Tracker: Q1 2023

This report examines inflation levels and drivers globally and in key countries. In 2023, global inflation is expected to ease from its peak in 2022, but…

View Report
Passport Our premier global market research database with detailed data and analysis on industries, companies, economies and consumers. Track existing and future opportunities to support critical decision-making across all functions within your organisation Learn More