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Friday, 3 August 2012 - Rousseff's popularity defies Brazil slowdown |
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Related Topics World » Brazil » Brazil's President Dilma Rousseff talks to the press at the airport before leaving the G20 Summit, in Los Cabos June 19, 2012. Credit: Reuters/Oswaldo Rivas By Brian Winter SAO PAULO | Fri Aug 3, 2012 12:33pm EDT SAO PAULO (Reuters) - President Dilma Rousseff continues to enjoy high popularity as Brazilian consumers remain largely unfazed by a recent economic slowdown and very optimistic about their country's future, according to a poll released on Friday. About 57 percent of those polled said they thought Rousseff's government was either "great" or "good," according to the survey by the National Transport Confederation, or CNT. That was up from 49 percent in the CNT's last poll, released in August 2011. Only 7 percent of those polled last month said they thought the center-left government was "bad" or "terrible." Rousseff's personal approval rating was even higher, at 76 percent, compared to 70 percent last year. Her high marks are similar to those reported in other recent polls. Some data within the CNT poll, which surveyed 2,000 Brazilians nationwide, yielded clues as to why Rousseff is doing so well: Despite a sharp economic slump over the past year that has battered manufacturers, most Brazilians still feel safe in their jobs and believe their fortunes will only keep improving. "The economic and industrial slowdown (in Brazil) and the fall in foreign economic activity have resulted in few consequences for the Brazilian economy so far," CNT President Clesio Andrade said in a statement. "This situation, combined with low unemployment rates and the high capacity for consumer spending, reinforce the sense of optimism detected in the poll," Andrade said. Those factors, he added, aren't expected to change in the coming months and are likely to continue strengthening Rousseff's popularity. The poll also showed Rousseff with a huge lead over potential challengers in the 2014 presidential election, with her beating Senator Aecio Neves, a likely candidate for the biggest opposition party, 59 percent to 15 percent. Brazil's economy is expected to grow less than 2 percent this year - a far cry from the 7.5 percent growth seen in 2010. But unemployment remains at record lows as Rousseff's government has passed several tax incentives and other measures to ensure that Brazilian consumers keep spending. Some economists have expressed concern over the sustainability of Brazil's "two-speed" economy, in which manufacturers struggle while the services sector continues to do well. Some believe consumer spending will inevitably start to fade - and unemployment could rise - unless Rousseff undertakes deeper reforms, for example by reducing taxes and encouraging more investment. About 38 percent of respondents said they had delayed or canceled a planned purchase because of the global economic crisis. However, 53 percent said they believed their purchasing power would improve by the end of the year, with only 8 percent saying they thought their purchasing power would decline. Asked what they would most like to buy, the overwhelming number-one response was "my own house" - at 58 percent. Brazil has enjoyed a low-income housing boom over the past decade, but most economists believe there is much demand still to be met. A "new car" came in second place, at 18 percent. The poll was taken between July 18 and 22, and had a margin of error of 2.2 percentage points. (Reporting by Brian Winter; Editing by Phil Berlowitz) World Brazil Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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