Brazil:
An election hard to predict the winner
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Journalist Richard Lapper, director of
Financial Times’ Latam Confidential, has presented an analysis of the
presidential elections in Brazil during an event offered by EUBrasil
Association at the European Parliament in Brussels, Ocotober 13.
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He reminded
that Dilma Rousseff has the support of Brazil’s poorer classes. “In the first
round, Dilma got more than 50% in 11 states in the Northeast, the poorest
region in the country. Despite the slowing economy, the fact that
unemployment is now so low is a great achievement for her to continue to have
that support”.
On the possible changes in the country if Aécio Neves wins, Mr Lapper said that the first thing that should happen is a rally in the Brazilian stock market. “Dilma Rousseff has lost investors confidence in both domestic and international markets. Bovespa has risen about 30% from April to the first round of the elections on bets that the opposition would win. Investors bet because they believe that an Aécio Neves’ administration will be more consistent in terms of macroeconomic policies and will have a more market-friendly approach”. Read more on www.eubrasil.eu |
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