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Country in Good Economic Shape, Say Brazilians

June 17, 2009

(Angus Reid Global Monitor) - The majority of people in Brazil acknowledge that the global economic crisis is serious but think their country is well positioned to face it, according to a poll by Ibope. 78 per cent of respondents say the international financial crisis is at least moderately severe.

In addition, 49 per cent of respondents say Brazil is better prepared now than in previous economic downturns to face tough times.

Luis Inacio Lula da Silva—a member of the Worker’s Party (PT)—won the October 2002 presidential election with 61 per cent of the vote in a run-off against Jose Serra of the Brazilian Party of Social Democracy (PSDB). In October 2006, he earned a new four-year term, defeating PSDB candidate Geraldo Alckmin with 60.8 per cent of the vote in the second round. Lula is ineligible for a third consecutive term in office.

In 2006, Lula’s party was affected by a series of corruption scandals. The socialist-leaning president—also a former union leader—led a strong economy with conservative fiscal policies during his first mandate, and was praised for his poverty-reduction initiatives.

On Jun. 15, Lula proposed a new economic world order, saying, "I address myself now to the labour leaders. (…) This is an exceptional opportunity for all of you to think and develop proposals together with the employers and business leaders so that we can change definitely the relations between state and civil society and so that we can build our countries with much more fairness and much more solidarity."

Polling Data

From what you know or have heard, how grave is the international financial crisis?

Very severe

26%

Moderately severe

52%

Not too severe

13%

Not severe at all

3%

Not sure

6%

Thinking about past economic crises, would you say Brazil is better prepared now, just as prepared, or less prepared now to deal with the economic crisis?

Better prepared

49%

Just as prepared

24%

Less prepared

14%

Not prepared at all

7%

Not sure

6%

Source: Ibope
Methodology: Interviews with 2,002 Brazilian adults, conducted from May 29 to Jun. 1, 2009. Margin of error is 2.2 per cent.