According to a recent Quaest survey, almost half of Brazilians perceive that the nation's economy has deteriorated over the past year, with only 24% stating it has improved, while 30% feel there has been no change. This stark view persists despite positive economic indicators, such as the lowest unemployment rate in history according to IBGE, record average wages, and controlled inflation, suggesting a disconnect between actual economic data and public sentiment.

Economists attribute this pessimism largely to the increase in interest rates, which has led to economic slowdowns and higher levels of default among borrowers. André Perfeito, an economist, highlights that although individuals may be earning more, the burden of household debt diminishes the impact of increased income, indicating that families' financial struggles persist despite rising wages. He notes that corporate profits are similarly affected, with many businesses seeing their earnings significantly impacted by debt payments.

The contrasting perspectives on economic improvement and public sentiment raise questions about the effectiveness of economic policies and their communication. As the Brazilian public grapples with economic realities, it reflects deeper concerns over financial stability and the broader implications for consumption and investment, which could ultimately affect long-term economic growth.