09-2020 Latin American Economy & Business
Economy & Business Report
Salvation by Selic?
President Jair Bolsonaro’s first 50 days in office have been far from plain sailing. His international debut at the World Economic Forum (WEF) in Davos, market confidence, and promises of ambitious economic reform have all been overshadowed by episodes of violence across Brazil, deadly infrastructure failings, an 18-day stint in hospital, and various allegations of corruption implicating members of his party, government, and family. It was not until 18 February that the first major crisis came to a head, however, with the dismissal of cabinet minister and (former) presidential ally Gustavo Bebianno.
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