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TO ANALYSE. While the presidential election must decide between Bolsonaro and “Lula” on Sunday, the clouds are gathering over Latin America’s leading economy.
By Olivier Ubertalli, special envoy to Brazil
© DOUGLAS MAGNO / AFP
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SOn paper, Brazil, the largest economy in Latin America, seems in good shape, while Jair Bolsonaro and Luiz Inacio Lula da Silva clash on Sunday October 30 for the second round of the presidential election. The Brazilian government expects growth of 2.7% this year, after a strong post-pandemic recovery of 4.6% last year that followed a dramatic decline of 3.9% in 2020 due to the Covid-19 pandemic. .
The rise in gross domestic product (GDP) therefore seems similar to that of France, where the Minister of the Economy, Bruno Le Maire, recently forecast growth of 2.7% this year. In addition, unemployment has fallen in Brazil in recent months. It fell back below the symbolic 10% threshold, to 8.7% at the end of September, the same level as 20 years ago…
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