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Criticism of Lula's economic plans mounts as Brazil markets tank

World,Economy And Jobs,Brazil,Luiz Inacio Lula Da Silva,Poverty

From the Center

Criticism of Brazilian President Luiz Inacio Lula da Silva's economic policies grew on Wednesday, with analysts and a leading newspaper slamming ministers after local markets tanked in the leftist's first two days in office.

Financial Minister Fernando Haddad, a Lula loyalist who ran a failed presidential bid as the leftist Workers Party candidate in 2018, has been among the main targets, with his hometown newspaper O Estado de S. Paulo dubbing him a "decorative minister" on Wednesday.

Haddad, a former mayor of Sao Paulo, took office vowing to restore public accounts and with the challenge of presenting a credible fiscal framework after Congress passed a giant Lula social spending package.

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