Brazil presidential election outcome

Capital Group
By January 24, 2023 10:30

Brazil presidential election outcome

Below are some takeaways by Capital Group’s emerging market sovereign debt analyst Thomas Kontchou on important economic and policy considerations given the leftist candidate Luiz Inácio Lula da Silva’s victory in Brazil’s presidential election. 

The leftist Workers’ Party candidate Luiz Inácio Lula da Silva was elected 50.9% to 49.1% over Jair Bolsonaro of the right-wing conservative Social Liberal Party in what was the closest result in modern Brazilian history.

While Bolsonaro did not make a concession speech on Monday, Brazilian assets were generally stronger following the 30 October results, with the Brazilian real up 2.3%.

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Feike Goudsmit
Managing Director, Institutional
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E-mail: feike.goudsmit@capitalgroup.com

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Capital Group
By January 24, 2023 10:30

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