Hello, you’re reading our Weekly Report. In this issue: What São Paulo Governor João Doria accomplished on his trip to China. Another look into the pension reform vote. How Brazilian markets perform this week. The main events of the week.
The week in review
Bolsonaro. The difference between President Jair Bolsonaro’s disapproval and approval ratings reached a new high in August, per a poll done by XP/Ipespe. His disapproval rating rests at 38 percent, while his approval is 33 percent. At the beginning of his term, Bolsonaro had a 40-percent approval rating and a 20-percent disapproval rating according to the same pollsters.
Budget. Congress’ Budget Committee approved the Budget Directives Law (LDO) on Thursday, raising the minimum wage in Brazil from BRL 998 per month to BRL 1,040. This slight bump only manages to cover inflation, without bringing any real gain to the minimum wage. This is expected to continue for the next two years, officially breaking with the policy of raising minimum salaries to match inflation and the previous year’s GDP expansion.
Probe. The Federal Prosecution Office has opened an investigation into the resignation of former Petrobras CEO Pedro Parente last year. The move followed a 10-day truckers’ strike...