Posts From Lorena Valente
Brazil elects Jair Bolsonaro as its next president
In the most polarized election in the history of Brazil, the second round of the presidential election featured a far left and a far right candidate and split the electorate.
Dollar appreciation against the real likely to impact Brazil’s economic recovery
The US dollar’s appreciation has caused concern regarding Brazil’s economic recovery – which has been driven by its internal market – given its pressure on inflation and the possible decrease in consumption as products become more expensive.
How market-friendly are Brazil’s presidential candidates? Part II
The 2018 presidential election is set to be the “election of hope” for the people of the country, but so far the race is wide open. GRI’s Lorena Valente revisits the candidates and how their views on the economy have evolved in recent months – or not.
Ratings upgrade puts pressure on next government to maintain Brazil’s economic recovery
Amidst political chaos and uncertainty, Brazil’s economy continues on its path to recovery receiving a vote of confidence by ratings agency Moody’s. There is hope Brazil will be able to continue the necessary economic reforms once a new President takes office next year.
Judge orders Lula’s imprisonment and markets jump
In a historic decision, the Brazilian Federal Supreme Court may have ended almost any chance for Lula to run for President in Brazil’s October presidential election. Two days after the decision and after violating Judge Sergio Moro’s timeline for arrest, Lula turned himself in to the Federal Police. Markets reacted positively to the news, but the court’s decision will divide an already polarized country and lead to even more uncertainty ahead of the Presidential election.
Federal security intervention in Rio jeopardises Brazil’s pension reform
A new security intervention decree signed by President Temer that federalizes the fight against crime in Rio de Janeiro may prevent a key vote on pension reform from taking place next week. Brazil’s credit rating is at risk without progress on pensions.
Argentina and Brazil push for a Mercosur agreement with the EU
2017 promised to be a decisive year for the trade agreement between Mercosur and the European Union given Brazil and Argentina’s strong efforts to finalize the deal. However, due to
Lula’s path to re-election just got a little more complicated…
Lula is the main source of uncertainty for Brazil, so the increased chances of him not being allowed to run boost optimism for a pro-reform candidate.
Violence and unemployment on the rise in Rio
A year after the 2016 Olympics, Rio finds itself amidst a security crisis with spikes in violence causing tourism to drop and businesses to close. Organized crime has taken over Rio’s slums and the even the Armed Forces have been deployed in an attempt to contain the situation.
Brazil’s oil industry is back in business
Regulatory changes have been well received by the market and foreign firms are once again willing to invest in Brazil’s energy sector.
