Brazil’s President-Elect Promises Prosperity but Faces Economic Perils

Posted on AllSides October 31st, 2022
From The Center
World, Brazil, Luiz Inácio Lula da Silva
PHOTO: ANDRE PENNER/ASSOCIATED PRESS

Voters who swept Luiz Inácio Lula da Silva back into the presidency Sunday fondly recall his last heady two terms in office in the 2000s when commodity prices were soaring, poverty was plunging and Brazil was finally seen as the country of the future.

“The people will eat steak and drink beer again…they will be happy again,” Mr. da Silva told supporters in the campaign that ended with Sunday’s victory over President Jair Bolsonaro, who has yet to concede or comment on the results. 

But Brazil’s president-elect will struggle to deliver on those promises in the...

Read full story
Some content from this outlet may be limited or behind a paywall.
https://www.wsj.com/articles/brazils-president-elect-promises-prosperity-but-faces-economic-perils-11667221839

More News about World from the Left, Center and Right

From the Left

From the Center

From the Right