When the Brazilian Democratic Movement Party (PMDB), the biggest political group in Brazil, discerped from the ruling coalition, President Dilma Rousseff's hopes of repelling the impeachment case against her have only become fraught with more uncertainty.

And with the ever-growing political turmoil in the country and the deep recession, it was only natural to expect the economic condition to bottom out.

But, while most political pundits can only see Rousseff's path spiraling down with the loss of potential allies in the House to secure a number enough to block off impeachment, it seems like the Brazilian market has no plan of taking the same direction.

Rousseff's Likely Impeachment Has Positive Impact on the Economy

Trading in the Brazilian market has improved with the Bovespa index experiencing an increase of 1.7 percent as of March 30. The Brazilian real has also posted a significant improvement as compared to its 2015 dismal showing. The Brazilian currency has fared better against the U.S. dollar, rising by close to 9 percent in March.

Rousseff's administration has also been blamed for the downfall of the economy. Vice-President Michel Temer, who is next in line for the presidency, is seen by experts as a better alternative that could introduce economic reforms.

The Other Markets Within the Region Also Experienced a Sudden Surge

The positive impact has also trickled down into the other Latin American markets. During the same time, trading within the region was also brisk, with the Argentinian Merval Index scoring an increase of 0.72 percent and the Mexican IPC Index higher by 0.47 percent. The Colombian COLCAP Index rose by 0.94 percent.

In Chile, promising economic data was also recorded. The country has registered a spike in retail sales by 7.4 percent, more than double the increase in January and its highest in over a couple of years. The country's manufacturing production also surged by 1.3 percent in February.

Chile, which is the world's largest producer of copper in the world, has also seen an increase in the production of red metal by .2 percent, despite a reported decrease in the demand. The IPSA Select Index of the country also rose by 0.54 percent.

"Throughout 2015, economic data went from bad to worse just like the external scenario, but now that it has stabilized, it's enough for the Chilean economy to start recovering a bit," according to Cesar Guzman, an economist from Santiago.

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