However, unlike in 2014, 2015 and 2016 where the economy retracted. 2017 is going to show a increase. IMF and other experts (BC, FGV) estimate a economy gain of around 0.7% to possibly 1.1% it varies depending on the expert, official numbers will be released in early March.
It not a fast process and it doesn't suddenly change from one moment to another but the economy has however crawled out recession which is a positive.
Life for my family that lives in Brazil has not improved substantially just because of that its still quite hard especially money wise and security.
But this sort of thing doesn't immediately effect the general public it takes time.
The ER situation is related to the unsure situation around the pension reform voting.