Business

‘Bolsomania’ has boosted the markets. Can it do the same for the economy?

'Bolsomania' has boosted the markets. Can it do the same for the economy?
Markets were ecstatic about a probable Bolsonaro win

Brazilian markets are in a strong upward trend this October after polls indicated a comfortable lead for far-right hopeful Jair Bolsonaro in the presidential race. The results of the first round vote on October 7th were followed by an additional boost to the domestic stock market and strengthened the Real against the U.S. Dollar.

But can these movements make an impact on other aspects of the economy, such as activity, income, or inflation?

The answer to this question is ambiguous. Yes, as some betterment may spill over to other segments of the economy....

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