The economy will be key in Brazil's electoral battle: fiscal adjustment on the horizon eclipses Lula's good government data
The country comes to the presidential election on October 4 between Lula da Silva and Flávio Bolsonaro with growing activity, but with serious structural problems. The winner is bound to face a cut in public spending.
Brazilian President Luiz Inácio Lula da Silva, 80, met with a group of top entrepreneurs and bankers at his residence in Brasília on the last Monday of August. The guests included owners of JBS, a major meat company, and representatives from banks such as BTG Pactual, Itaú, and Bradesco. The meeting took place ahead of October's closely contested elections, in which Lula da Silva is seeking a fourth non-consecutive term. He is running against Jair Bolsonaro, the son of his predecessor.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
