Paul Greer: Brazil's new president no guarantee of meaningful reform

Key signs to watch

clock • 2 min read

Markets may have welcomed Jair Bolsonaro's election as Brazil's new president this weekend but here Paul Greer explains why he remains bearish on this key emerging market over the medium term

Jair Bolsonaro easily won Brazil's Presidential election run-off with a 55% to 45% margin over the PT party's candidate Fernando Haddad. The result was largely expected, with polls suggesting a large margin of victory for Bolsonaro for the last three weeks. This vote has been arguably the most divisive election in Brazil's democratic history and has illustrated the deep polarisation of domestic politics in recent months. In a development comparable to many other countries around the world, this vote has illustrated the sharp decline of establishment politics in Brazil, with traditional p...

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