Numbers of the week: Dec. 7, 2019

. Dec 07, 2019
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This is Brazil by the Numbers, a weekly digest of the most interesting figures tucked inside the latest news about Brazil. Random numbers that help explain what is going on in Brazil. This week: Banks’ new round of discounts, police violence causing deaths at a Paraisópolis street party in São Paulo, Brazil’s so-so economic performance, the president v. the press, Big Agro income and Brazil’s lack of access to cinemas.

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</p> <hr class="wp-block-separator"/> <h2>90-percent discounts</h2> <p>It’s time to renegotiate debts. Brazil’s largest banks—Itaú Unibanco, Banco do Brasil, Santander and Caixa Econômica—launched a debt renegotiation program during the week, promising discounts of up to 90 percent on amounts due. The so-called “Negotiation and <a href="">Financial Guidance</a> Week” will extend banks’ opening hours until 8 pm. Each institution will set its own interest tax rates and discounts, with a 90-percent ceiling. The trading plan task force is supported by the Brazilian Federation of Banks and was announced by the Central Bank on November 21.</p> <hr class="wp-block-separator"/> <h2>Police kill 9 youngsters in Paraisópolis</h2> <p>A <a href="">police operation</a> in the São Paulo favela of Paraisópolis resulted in nine deaths—with the victims aged between 14 and 23. The operation was launched during a massive Brazilian funk street party in the early hours of December 1.&nbsp;</p> <ul><li><strong>Paraisópolis</strong> is home to around 100,000 people—and is next to one of the wealthiest neighborhoods in São Paulo. The classic image (below) used to illustrate inequality in Brazil is a photo of Paraisópolis, with luxury condos right next to breezeblock shacks.</li></ul> <figure class="wp-block-image"><img src="ópolis.jpeg" alt="inequality brazil paraisópolis" class="wp-image-28691" srcset="ópolis.jpeg 759w,ópolis-300x160.jpeg 300w,ópolis-610x325.jpeg 610w" sizes="(max-width: 759px) 100vw, 759px" /><figcaption>Paraisópolis (L) and Morumbi</figcaption></figure> <ul><li><strong>What we know.</strong> The police arrived at the party armed with batons and threw gas bombs to disperse the crowds. But the partygoers had just two narrow alleys through which they could run (as the police blocked both ends of the main road). Initial reports state the nine casualties were killed in a crush.</li><li><strong>What the police say.</strong> Officers say they were pursuing two armed men on a motorcycle, who shot at them first.</li><li><strong>What residents say.</strong> Accounts from partygoers (as well as video footage shared on social media) suggest the police&#8217;s version is inaccurate. &#8220;They blocked us, and only then did they throw the gas bombs,&#8221; <a href="">said one man</a> to website <em>UOL</em>. Another fact suggesting premeditated action is that, one month before, a police officer had been killed in Paraisópolis during a drug bust.</li></ul> <p>Prosecutors are treating the case as murder. Initially supportive of the police, Governor João Doria changed his tone, saying that everything suggests that there was abuse by the officers, and called for a swift investigation.</p> <hr class="wp-block-separator"/> <h2>43th best-performing economy</h2> <p>Brazil&#8217;s <a href="">Q3 GDP numbers</a> are out, and the country&#8217;s economy grew 0.6 percent. Against Q3 2018, growth was of 1.2 percent. The results came better than markets expected, leading ratings agencies and banks alike to increase their forecasts about Brazil for 2019 and 2012. That is certainly good news, considering Brazil&#8217;s recent struggles to regain a path toward growth—but it is hardly enough to place Brazil among top-flight economies. Austin Rating published a ranking of economies that grew the most between Q3 2018 and Q3 2019, and Brazil only ranked at 43rd out of 52 countries. Brazil performed better than countries such as Switzerland, the UK, Germany, Italy, and Mexico.</p> <div class="flourish-embed" data-src="visualisation/1040295"></div><script src=""></script> <hr class="wp-block-separator"/> <h2>111 attacks against the press</h2> <p>President Jair Bolsonaro&#8217;s <a href="">toxic relationship with the Brazilian press</a> is nothing new. Close to completing his first year as head of state, the far-right leader has been recorded lashing out at the press on at least 111 occasions between January and November, reaching an average of one attack every three days. The data comes from Brazil&#8217;s National Association of Journalists. In November alone, the institution registered 12 attempts to &#8220;disqualify the press.&#8221; But Mr. Bolsonaro is not against <em>all</em> press—he has proven to be accessible to government-friendly outlets, having given 13 exclusive interviews to TV channel Record (famous for its unapologetic support for the president). Needless to say, on no occasion was Mr. Bolsonaro forced to deal with any curveball questions.</p> <hr class="wp-block-separator"/> <h2>40 percent of Brazilians without cinemas</h2> <p>According to the Brazilian Institute of Geography and Statistics, 39.9 percent of Brazilians live in municipalities without a single cinema theater. The rate of &#8220;cinema-less&#8221; people reaches 43.8 percent among children up to 14 years old. The worst-affected area is the state of Maranhão, where infants have the least potential access to cultural activities. Only 23.6 percent live close to museums; theaters and concert halls are close to 30.8 percent of residents, and cinema theaters, 19.6 percent.</p> <hr class="wp-block-separator"/> <h2>BRL 670-billion income</h2> <p>Brazil&#8217;s Agriculture Confederation (CNA) predicts a 9.8-percent increase in income next year compared to 2019, reaching Gross Production Value (VBP) of BRL 670 billion. The sector&#8217;s GDP is also expected to rise 3 percent over the same period. For beef sales, the expectation is for expansion of 22.2 percent, reaching revenues of BRL 129.1 billion. For pork, the increase is expected to be 9.8 percent, 7.1 percent for chicken, and 7.5 percent for dairy.&nbsp;</p> <hr class="wp-block-separator"/> <h2>BRL 3.8 billion</h2> <p>Congress&#8217; Budget Committee approved a total of BRL 3.8 billion for the public election campaign financing fund in 2020. Now the bill must obtain approval in a House floor vote before becoming law. The government first predicted an amount of BRL 2.5 billion, but further reviews lowered it to BRL 2 billion. The bill&#8217;s rapporteur, member of Congress Domingos Neto, presented the plan to increase the total to 3.8. According to Mr. Neto, the increase would be possible due to the share the government will receive from state-owned companies&#8217; profits.

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