Debt and entrenched interests are throttling Brazil’s economy
The Economist reports that the outcome of Brazil’s general election in October will hinge on two issues: crime and voters’ purses.
President Luiz Inácio Lula da Silva, known as Lula, is betting the economy will win him re-election. Annual growth at around 3% has outpaced expectations for three years. Annual inflation of 4.3% is trifling by Brazil’s standards. Unemployment is at a record low. Yet the opposition paints a grim picture. Tarcísio de Freitas, the right-wing governor of São Paulo, says... ...
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