04-2020 Latin American Economy & Business Report
Economy & Business Report
Fiscal austerity out the window – for now
In the final round of Brazil’s municipal elections, left-leaning parties were roundly defeated by their right-wing rivals. As Brazil remains entrenched in one of the country’s worst recessions since the 1930s, the pink tide of populism which presided over the boom period is firmly retreating, prompting speculation that Brazil’s next head of state after the 2018 presidential elections will also be a right-winger.
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