Waiting for the election results

After a first round that was much better for President Jair Bolsonaro than indicated by the polls, Brazil is now preparing for the runoff round, to take place on October 30. The surprise of the first round adds more uncertainty to an election that otherwise seemed predictable. We will now have to wait a little longer to find out who will pre- side over the country in the next four years and, in particular, what economic policy will be adopted by him, since little or nothing was said about this in the electoral debates.

This is another complication for a situation that, after this year’s pleasant surprises, looks set to become quite challenging. Above all, a sharp slowdown in economic growth is expected, together with a partial reversal of the unexpected gains that have been observed in the labor market. Three main factors will contribute to this drop in the pace of activity.

Enjoy the reading of the full report!