Brazil'S Former President'S Complaint Led To A 1.5% Decline In The Brazil Stock Exchange.

The departure of Brazil's former president Dilma Rousseff is expected to have a relatively neutral effect on retail sales in the country, and retail industry is gradually improving consumer confidence.

Brazil's former president, Dilma Rousseff, led to a 1.5% decline in the Brazil stock exchange.

Brazil's economic downturn has predicted that GDP will drop more than 3% this year, bringing retailers to a low level. Some analysts predict that this year's sales will probably fall by 20%.

Guilherme Assis, an analyst at Brasil Plural, said the 20% forecast was too high, but the same store revenue could drop by 5% this year.

Assis pointed out that the Dilma Rousseff accusation will be a milestone in Brazil, but that will not change the retailer's forecast.

This covers

Retailers Marisa, Guararapes and suppliers Cia Hering.

Retailers and consumers expect Rousseff to step down, so most stocks remain relatively unchanged.

The reform of Michel Temer is expected to narrow the deficit, inflation and unemployment of 12 million of workers.

Meanwhile, the 2016 Olympic Games held in Rio De Janeiro in Brazil also have little impact on the largest clothing sales in Latin America.

Generally speaking, during the Olympic Games, consumers are more at the side of the TV set than they go.

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But what is hopeful is that sales of clothing chain corporation Lojas Renner will increase by 5%, while 2016 will be reflected in the in-depth adjustment.

And so on.