It follows a record 18.2 billion-reais net withdrawal in January and is the first time in just over a year that savings account deposits have fallen two months in a row, central bank data showed.
Brazilians deposited a record net 166.3 billion reais into savings accounts last year. The COVID-19 pandemic initially hammered spending, then some consumers squirreled away part of the emergency government aid in the second half of the year. But that support for up to 30 million families expired on Dec. 31, and the data for January and February shows consumers are eating in to the record mountain of savings amassed last year.
With a deadly second wave of the pandemic sweeping the country, Brazil’s Senate on Thursday passed a bill paving the way for an extension of these emergency cash transfers worth up to 44 billion reais over the coming months. The bill awaits final approval in the lower house.
Lack of confidence in the political system cd lead to a big collapse.. Hope Brazil recovers from this..
They don’t trust their president.
Ianbins Why tho
yes, our president is killing us
I appreciate this man 😋 I share the good news to the world I made it out for the very first time with him William_lil2 ...
According to the sanitary situation seems to be obvious, let’s see how institutional will manage
Bolsonaro genocida
thanks
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