Brazil’s economic hopes on Bolsonaro’s shoulders

Global investors seem thrilled at the prospect of Jair Bolsonaro taking over the Brazilian presidency. But the optimism looks wildly overdone.

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Bolsonaro: financial challenges ahead
(Image credit: 2018 Getty Images)

Global investors seem thrilled at the prospect of Jair Bolsonaro taking over the Brazilian presidency on 1 January, says Sandra Rosa in Finanz und Wirtschaft. The benchmark Ibovespa index has gained a fifth since his election victory began to look likely in the autumn. The hope is that the new leader will continue the business-friendly structural reforms of his predecessor Michel Temer. But the optimism lookswildly overdone.

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Marina Gerner is an award-winning journalist and columnist who has written for the Financial Times, the Times Literary Supplement, the Economist, The Guardian and Standpoint magazine in the UK; the New York Observer in the US; and die Bild and Frankfurter Rundschau in Germany.

Marina is also an adjunct professor at the NYU Stern School of Business at their London campus, and has a PhD from the London School of Economics.

Her first book, The Vagina Business, deals with the potential of “femtech” to transform women’s lives, and will be published by Icon Books in September 2024.

Marina is trilingual and lives in London.