Opinion

Brazil’s economy: Why I was wrong to be an optimist

Brazil’s economy: Why I was wrong to be an optimist
Brazil’s economy: where is the recovery?

Tens of thousands of protesters in red shirts took over the streets of Brasilia on August 15, the last day to register candidacies for the upcoming presidential elections. They were demanding that the Supreme Electoral Court accept the bid of Lula da Silva. Held captive in a cell in the southern city of Curitiba, the former president could only assert his political rights through an op-ed in The New York Times.

Lula remains the most popular politician in Brazil. The memory of economic prosperity under his government makes him favorite to regain the presidency, if only he is allowed...

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