Rousseff victory rattles investors

The election victory of Dilma Rousseff has dented hopes of serious economic reform for Brazil.

Dilma Rousseff was re-elected as Brazil's president at the weekend, beating Aecio Neves in a run-off, by 51.6% to 48.4%. Since Neves was seen as the pro-business candidate, both the Brazilian currency and the stockmarket have fallen.

In her re-election speech Rousseff acknowledged that her previous administration had fallen short of growth targets. She also vowed to bring the country together after an acrimonious campaign that had involved allegations of corruption at the state oil company Petrobras, whose shares fell by over 10% after the results.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.