Stocks

Brazil Bolsonaro's low approval rating improves despite rising COVID-19 cases

Credit: REUTERS/Ueslei Marcelino

Brazil President Jair Bolsonaro's low approval ratings rose for a third consecutive month, a poll showed on Monday, as the perception of his handling of the coronavirus crisis and the economy's direction continued to improve gradually.

By Jamie McGeever

BRASILIA, July 20 (Reuters) - Brazil President Jair Bolsonaro's low approval ratings rose for a third consecutive month, a poll showed on Monday, as the perception of his handling of the coronavirus crisis and the economy's direction continued to improve gradually.

The latest monthly XP/Ipespe poll findings come as the coronavirus-related deaths and cases also continue rising, cementing Brazil's place as the world's second-biggest hotspot for the pandemic after the United States.

Bolsonaro's overall approval rating rose two percentage points to 30% this month, the highest since April, while the share of those who think he is doing a bad or terrible job fell three percentage points to 45%, the lowest since April.

The share of Brazilians disapproving of the far right former army captain's government has consistently been greater than those who approve since May last year.

According to the nationwide poll, 25% of Brazilians say Bolsonaro's handling of the COVID-19 pandemic is good or excellent, up from 23% last month and the highest since April.

At the same time, 52% said his handling of the crisis is bad or terrible, down from 55% in June and the lowest since April.

One thousand people were surveyed between July 13-15, and the margin of error is 3.2 percentage points.

Brazil has now recorded 2.1 million cases of COVID-19 and almost 80,000 related deaths. Both tallies are the second highest in the world, and continue to rise steadily.

The XP/Ipespe poll also showed that 33% of Brazilians reckon the economy is on the right track, up from 29% in June.

Latin America's largest economy is widely expected to record its biggest annual downturn in history this year, although central bank and Economy Ministry officials say a range of indicators suggest an encouraging recovery is already underway.

(Reporting by Jamie McGeever Editing by Marguerita Choy)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

US Markets

Latest Stocks Videos

    What Age Group Trades Most Frequently?

    What age group trades most frequently? DriveWealth President Julie Coin discusses trends from Q3 2021 in retail investing from around the world

    2 days ago

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More