Jair Bolsonaro, a right-wing populist, is the favourite candite to become Brazil’s next president against Fernando Haddad, the nominee of the Workers’ Party. Polls point Bolsonaro is ahead by 11 points. In this context, Brazilian public debt is at 77% at present. This is what analysts at AXA IM say about Brazilian’s “explosive” public debt issue.
On Sunday 7 October, all Brazilians between the ages of 18 and 70 are being called to the polls to elect their next President .”This is an important election because the future administration will have the responsibility to tackle Brazil’s growing fiscal imbalances, and this will require challenging structural reforms”, analysts at AXA IM say.
Manuela Andreoni | As Brazil braces for its most important election in decades, hopes of stabilization are dwindling. The country is slowly stepping out of an almost three year-long recession, but uncertainty over what will happen at the ballot boxes later on this year is pushing debate on how to resume growth into a distant future.