# Brazil: Post-strike pre-election blues

> ING says Brazil's economy has been hit by inflation and weaker growth following the late-May truckers' strike, with June inflation up 1.3%. It forecasts 2018 GDP growth of 1.5% and inflation above consensus, and expects a hawkish monetary shift in September ahead of October elections.

- Date: 2018-07-16 · published 2018-07-16T12:00:00.000Z
- Category: macro · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/64232-brazil-post-strike-pre-election-blues
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Higher inflation and political uncertainty can weaken the real and raise rates, which tends to lower the dollar cost of Brazilian exports and shift export-price competition in grain and meal markets.

## Read by commodity

- USDBRL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2026-10-01 | [Brazilian Real Under Pressure Ahead of Election](https://feedsoft.ai/events/4935-brazilian-real-under-pressure-ahead-of-election.md) | -3.5% | +4.1% |
| USDBRL | 2022-11-22 | [Bolsonaro challenges Brazil election he lost to Lula](https://feedsoft.ai/events/38889-bolsonaro-challenges-brazil-election-he-lost-to-lula.md) | -0.7% | -2.5% |
| USDBRL | 2018-06-06 | [Brazil currency skids as election woes add to pessimism](https://feedsoft.ai/events/5376-brazil-currency-skids-as-election-woes-add-to-pessimism.md) | -2.7% | +2.7% |
| USDBRL | 2026-09-01 | [Election Angst Fuels Bruising Week in Brazil Markets](https://feedsoft.ai/events/18109-election-angst-fuels-bruising-week-in-brazil-markets.md) | -1.9% | +1.0% |
| USDBRL | 2018-05-15 | [Brazil's real continues its slump amid election uncertainty \| AP News](https://feedsoft.ai/events/65228-brazil-s-real-continues-its-slump-amid-election-uncertainty-ap-news.md) | +2.4% | +1.5% |

## Sources

- think.ing.com: https://think.ing.com/articles/brazil-post-strike-pre-election-blues

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.