Brazil's Election and US Midterms Tracked Against Economic Conditions
What happened
Luiz Inácio Lula da Silva defeated Flávio Bolsonaro in Brazil's recent presidential election. In the United States, Donald Trump's supporters lost in the midterm elections. The report notes that in Brazil, voters did not reward Lula for outstanding economic performance, citing mediocre inflation and growth and high interest rates.
From countercurrents.org
Why it matters
In Brazil, high interest rates make obtaining a reasonably-priced mortgage difficult for middle-class citizens. In the US, Democrats won the popular vote in House of Representatives races by 13 percentage points, despite favorable economic indicators such as job creation and wages.
From countercurrents.org
Who's involved
- Luiz Inácio Lula da SilvaPresident of Brazil who won the recent presidential election.
- Flávio BolsonaroBrazilian politician who was defeated in the recent presidential election.
- Donald TrumpAmerican politician whose supporters lost in the US midterm elections.
- house of representativesLegislative body where Democrats won the popular vote in recent races.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- UBSSpeculative
UBS might face increased FX market volatility due to mediocre growth and high interest rates in Brazil.
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The entities involved
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Flávio Bolsonaro
Brazilian politician, former state deputy of Rio de Janeiro and Senator of the Federative Republic of Brazil since 2019
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Alaska
state of the United States of America
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house of representatives
general term for legislative bodies
Related events
- Brazilians cast their votes in the presidential runoff election between Lula and Bolsonaro.
- The Central Bank of Brazil set the Selic rate based on inflation data while the presidential runoff continues.
- Luiz Inácio Lula da Silva wins the presidential election in Brazil, leading to political tensions with Donald Trump's administration.
- States including Colorado, Alaska, Alabama, and Arizona are participating in the national election cycle.