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Financial decision-maker sentiment: Brazil

An ongoing look at how the attitudes of financial decision makers in Brazil are evolving during the COVID-19 pandemic.

Almost 100 percent of financial decision makers in Brazil view the current economy as neutral or weak, but less than half expect it to weaken in the next three months. Similarly, most report decreased household income and savings over the past month, and 40 percent are concerned about job security. The majority feel banks are performing per their expectations and would like them to waive late fees on payment. The majority of consumers are unsure about the economic situation after the COVID-19 crisis but claim higher adoption of mobile and online banking services.

About the author(s)

John Euart is an associate in McKinsey’s New York office, where Michael Panek is a specialist. Ricardo Tassi is an associate partner and Gustavo Tayar is a partner, both in the Sao Paulo office.

The authors would like to thank Harshit Gupta for his contributions to this article.

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