The federal government is expected to launch this Monday (4) the new debt renegotiation program, called Unwind 2.0. For Fernando Nakagawa, CNN economics analyst, the initiative alleviates the situation of indebted families, but does not solve the structural problem.
According to Nakagawa, in analysis of the Now CNNone of the main reasons for concern is the precedent set by . He highlighted that Dario Durigan himself stated, during the last few days, that .
Precedent and financial education
Nakagawa, however, considers that “the first step to having a Desenrola 3.0 is to have 2.0, which is exactly what we are dealing with at the moment.” For the analyst, repeating the program can harm the process. “If you always have someone touching your head to say that it’s okay, I’ll give you a discount here, this education, this learning process might not work”, he assessed.
The analyst also highlighted that Brazilian families face very high debt, aggravated by high interest rates, especially on revolving credit cards, which work like a real snowball. “It’s very easy to get out of control,” noted Nakagawa, when commenting on the dynamics of revolving credit.
Political impact and popularity
Nakagawa also analyzed the political dimension of the program. According to him, the political world sees Desenrola as a popular initiative, capable of improving the government’s image. However, data from the Datafolha survey indicates that the effect on popularity may be limited. During Desenrola 1.0, launched in the second half of 2023, government approval improved slightly initially, but soon stabilized and began to fall in the following quarter.
For Nakagawa, the program may not improve the rates, but it may prevent them from getting even worse. The analyst also pointed out that, despite economic indicators such as low unemployment and economic growth, the population does not feel these results on a daily basis, partly because of high interest rates.
