Brazil's Economic And Political Crisis Is Still In Critical Stage

Brazil's Rio Grande Carnival was over and now the politicians are finally heading back to work. It is indeed seen in the streets that Brazil has not yet risen up from a crisis that has been shaken the country's economic and political foundation to the core, and prior to that there is two more ministers quit in a week before the Carnival.

According to Bloomberg, after losing about six cabinet members in Michel Temer's six months in the office, his foreign minister has left and even his chief of staff's future government still remains uncertain. His administration is also drive by a controversial spending cap bill through the Congress by helping to fortify the real.

The consumer prices are rising less and getting expenses are falling, however, many of Brazilians are still attempting to make a decent living, and unemployment is at the highest level on record. Government workers, including the police, have protested over austerity measure in a few states, and anti-corruption demonstrations are planned for later this month.

Forbes reported that members of the government's congressional alliance have openly said that the wrongdoing of a constituent might be a reason for Temer's expulsion from the office. In these events like losing allies from the top echelons of his administration and the current allegations have already broken and shaken Temer's legislature.

The Temer's endorsement rating of his administration hovers around 10 percent, not far from the level of Dilma Rousseff's ratings before her impeachment. While the president has repeatedly claimed that he cares for popularity, congressmen are pursuing a re-election that cannot stand to be so optimistic.

Michel Temer, Brazil's unpopular and unelected president has done much to make the way for recovery in Latin America's biggest company. However, with his inner disintegrating and support in Congress wavering, a goal-oriented reform agenda will now look like a tall order. Though he is taking office in May, Temer has won some praise for privatizing swathes of Brazil's infrastructure and open up its oil field to any foreign companies.