Brazilians Tighten Belts and Skip Overseas Trips

Dearer dollar keeps Brazilian more frugal The appreciation of the American dollar against the Brazilian real brought a reduction in travels abroad for Brazilians. With this, in November, the international travel account (Brazilian revenues from foreign expenses in the country minus expenses of Brazilians abroad) was US$ 128 million negative, whereas in the same period in 2007 the deficit had been greater: US$ 369 million.

This month, up to the 19th, the deficit in the travel account had been US$ 69 million. With this, the Central Bank revised the deficit forecast for this year from US$ 6.2 billion to US$ 5.2 billion and the estimate for next year from US$ 6 billion to US$ 1.5 billion.

"The depreciation of the Brazilian currency caused expenses by Brazilians with trips abroad to drop much," stated the head of the Economic Department at the BC, Altamir Lopes.

In November, expenses totaled US$ 568 million, against US$ 809 million in the same period in 2007. This month, according to preliminary figures, the value dropped even further: having reached US$ 385 million.

Last month, expenses of foreigners in Brazil totaled US$ 440 million, the same as in the same month in 2007. This month, the revenues have dropped to US$ 316 million.

Optimism

Three of every four Brazilians are aware of the international financial crisis, which is considered serious or very serious by 84% of those interviewed for the CNI/Ibope survey.

However, to over half the population of Brazil (56%) the country will be little or not at all affected by it. This evaluation is a reflex of the perception of 43% of those interviewed that the country is more prepared for this crisis than it had been in the previous ones, despite 68% believing that this crisis is as serious or more serious than the previous ones.

According to the special chapter of the opinion poll, 75% of those interviewed knew of the crisis before answering the questionnaire. Another 23% said that the first time they heard about it was when the interviewer made the question (the remainder did not answer).

The researchers went into the field, in 141 cities throughout Brazil, between December 5th and 8th, and they approached 2.002 people. The margin of error of the research is two percentage points, up or down, and the trust interval is 95%.

To 35% of those answering, the crisis is very serious, whereas to 49% it is serious, 7% said that it is little serious and 2% said it is not serious at all. Another 7% did not know what to answer or decided not to answer.

In chapter "Perception of the Crisis", 46% of those interviewed believe that the international financial turbulence should affect the Brazilian economy little. Another 10% said that Brazil should not be affected. To 37%, the economy will be greatly affected (7% did not know or did not answer).

Tags:

You May Also Like

Brazil’s Nominal Surplus Reaches US$ 1.8 Billion in September

Brazil's Central Bank (BC) recorded a nominal surplus of 3.863 billion reais (US$ 1.78 ...

Everyone is buying on credit

Brazilians these days, even the most humble of them, seem always to be stuck ...

Amnesty Pans Brazil’s Politics of Fear Against Poor

Amnesty International criticized recently what it calls "political game-playing" in the debate over public ...

Brazil’s PT Congressmen Get 10 Days to Explain Accusations of Corruption

A decision taken yesterday, August 4, by Brazil’s National Executive of the PT (Workers’ ...

Brazil Court Rules Sean Goldman Should Be Returned to US Father in 48 Hours

The custody battle in Brazil over American Sean Goldman started in June 2004 may ...

Brazilian Marble Firms Form United Front to Invade the U.S.

The marble and granite sector in Paraná, in southern Brazil, is becoming international. With ...

Close to 3,000 Political Candidates Challenged in Court in Brazil

This is not an official number, but it’s been reported that in Brazil there ...

Over Half of Brazilians Get Middle-Class Status. In the US They Would Be Dirt Poor

The middle class in Brazil reached 51.89% of the country's population in April 2008. ...

Brazil and Chile Discuss Human Rights

President Luiz Inácio Lula da Silva is in Chile to discuss accords in the ...

Public Defender Gets No Respect in Brazil

Brazil’s 1988 Constitution assigned state governments responsibility for establishing public defenders offices in the ...