Business

Bolsonaro year 1: Economy

brazilian economy
Photo: Bianca Kida

Despite political hiccups, the government managed to oversee the approval of the boldest pension reform ever passed in Brazil. That was only possible thanks to the alignment of Economy Minister Paulo Guedes and House Speaker Rodrigo Maia (who controls the House’s agenda-setting powers), which will be key to the future of Mr. Guedes’ proposals, as most of them call for constitutional changes.

Privatizations. The Economy Minister intends to privatize 138 federally-owned companies. While that is impossible in just four years, the government managed to continue projects inherited from the Michel Temer administration, selling off 35 assets in 2019...

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