Rousseff’s Approval Increases in Brazil on Crisis Handling

Brazilian President Dilma Rousseff’s approval rating rose to 72 percent in December on stronger support for economic policies, an opinion poll showed.

Rousseff, who took office Jan. 1, saw her approval climb from 71 percent in September, according to the Ibope poll published today and commissioned by the National Industry Confederation in Brasilia.

“People approve her handling of the crisis,” Andre Cesar, a political analyst with consultancy CAC, said by phone from Brasilia. “The economic downturn hasn’t impacted the day-to-day life of the people yet.”

Approval of government action to fight inflation rose to 39 percent from 38 percent in September, while 33 percent of those polled backed monetary policy, up from 32 percent in September, the poll showed.

Annual inflation in November fell to 6.64 percent from 7.31 percent in September. Authorities have cut interest rates by 150 basis points since August in an effort to stem economic growth that is slowing from 7.5 percent last year to an estimated 3 percent this year, according to a weekly central bank survey.

The Ibope poll surveyed 2,002 people nationwide from Dec. 2 to Dec. 5 and has a margin of error of plus or minus two percentage points.

To contact the reporters on this story: Maria Luiza Rabello in Brasilia Newsroom at mrabello@bloomberg.net; Raymond Colitt in Brasilia Newsroom at rcolitt@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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