Poll Shows Pessimism After Brazilian Justice Minister’s Exit

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(Bloomberg) -- Two thirds of Brazilians believe that Justice Minister Sergio Moro’s resignation from President Jair Bolsonaro’s administration will have a negative impact on the country, according to a survey.

The poll, conducted by XP/Ipespe, was drawn from interviews with 800 people, with a margin of error of 3.5%, and was published on Saturday.

Poll Shows Pessimism After Brazilian Justice Minister’s Exit

The respondents were split on the question of whether they approved of Moro’s decision to leave the government. Some 49% said they expected the remainder of the Bolsonaro administration would be “bad” or “terrible”; only 18% believed the rest of the term would be “good” or “excellent.”

Moro resigned his post on Friday after a disagreement with the president over Bolsonaro’s desire to replace the head of Brazil’s federal police. At a press conference, the former judge accused Bolsonaro of attempting to interfere in police investigations.

The move shook up Brazil’s political landscape and its markets: the Brazilian real fell 4% upon the news, and stocks ended the day 5.5% lower.

©2020 Bloomberg L.P.

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