Brazil's Temer Sees Popularity Plunge Amid Weak Economy
(Bloomberg) -- Brazilian President Michel Temer's approval ratings have plunged as he pushes ahead with unpopular austerity measures while an economic recovery remains aloof.
Temer's personal disapproval rating jumped to 73 percent from 64 percent in December and 53 percent in June, according to an Ibope poll published on Friday by the National Industry Confederation, or CNI. His government was rated as good or very good by 10 percent of respondents, down from 13 percent in the previous survey.
Investors initially applauded Temer's reform agenda but have become more cautious. Several key aides have been accused of wrongdoing at a crucial moment for the president, who is trying to convince lawmakers to back austerity measures aimed at restoring confidence. Fresh data showing record joblessness and a renewed downturn in activity stand to further undercut his popularity.
According to the Ibope survey only 17 percent trust Temer, compared with 23 percent in the previous poll.
The Ibope poll surveyed 2,000 people in 126 municipalities on March 16-19. The margin of error was plus or minus 2 percentage points.
--With assistance from Samy Adghirni and Priscilla Murphy
To contact the reporter on this story: Rachel Gamarski in Brasilia at rgamarski@bloomberg.net.
To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Matthew Malinowski, Raymond Colitt
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