The slippage of public finances worries investors, against a backdrop of economic slowdown.
Mobilized in recent days by the attempted putsch of the Bolsonarists, last Sunday at the presidential palace, President Lula does not neglect the economic front. He tried, Thursday, to reassure on the seriousness of his government’s budget. By explaining to the markets that they should not be worried about the return to business of the Workers’ Party. “I have always watched the primary surpluses (excluding debt burden, editor’s note)»said the left-wing leader who led Brazil from 2003 to 2010.
The first days after taking power, the 1er January, caused volatility in the markets, the São Paulo Stock Exchange and the currency. “Communication problems, contradictory first announcements, created confusion, showing a lack of coordination and a clear vision of the government», Analyzes Adriana Meyer, country risk economist at Bpifrance. The Minister of Social Security has raised the idea of returning to the pension reform…
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