A recent survey conducted by Quaest, published on March 11, shows that 48% of Brazilians feel the economy has worsened in the past 12 months, marking an increase from 43% in prior polls. In contrast, only 24% of those surveyed believe the economy has improved, while 26% think it has remained the same, a slight decline from the previous 30% who held that view. The survey sampled 2,004 individuals aged 16 and older between March 6 and March 9, with a margin of error of two percentage points and a 95% confidence level.

Notably, among independent voters, a crucial demographic for the upcoming presidential elections in October, the sentiment shifts slightly worse, with 50% perceiving economic decline. This group constitutes 32% of the total electorate, comprising individuals who do not align themselves with either the left or right political spectrum or with the main political figures, Bolsonaro and Lula. This growing pessimism among voters could have significant implications for the upcoming elections, as economic sentiment often plays a critical role in voter decisions.

As Brazil gears up for the presidential elections, the survey highlights a pressing issue that candidates will need to address to win the support of a populace increasingly anxious about their economic situation. With a significant portion of the electorate believing the economy is deteriorating, candidates could find it essential to offer clear and effective economic plans to sway public opinion as the elections approach.