After getting out of its most severe recession in history in 2017, Brazil remains in a state of economic malaise, notching up a mere 1% of growth last year, with public debt forecast to snowball from 77% of GDP to 140% by 2030, according to the World Bank.
Brazil’s far-right presidential candidate Jair Bolsonaro has promised to continue his country's participation in the Mercosur trading bloc but says he will move it away from “ideology”.“The Mercosur has value but it was disfigured by the PT (Brazil's Workers' Party)”, Bolsonaro said at a press conference in Rio de Janeiro on Thursday. “I won’t abandon the Mercosur but it won’t continue to be guided by ideology”, he added.
The two presidential candidates who will square off in Brazil's runoff this month are calling for an end to politically motivated violence. Numerous cases of violence were reported in the week before the first round of voting on Sunday and have been ongoing since then. The second round of voting is scheduled Oct. 28.
A survey published Thursday places far-right candidate Jair Bolsonaro 13 percentage points ahead of rival Fernando Haddad for Brazil's October 28 presidential runoff.
The chief economic advisor to Jair Bolsonaro, Brazil’s far-right presidential front-runner, is being investigated over accusations of fraud tied to the pension funds of state-run companies, federal prosecutors revealed on Wednesday.
Chilean President Sebastián Piñera Tuesday welcomed Brazilian far-right presidential candidate Jair Bolsonaro's economic plan and explained it is what the largest economy in the region needs.
Brazil's far-right presidential candidate Jair Bolsonaro turned his party from a footnote in a crowded Congress into a national powerhouse on Sunday, underscoring a seismic shift in Latin America's biggest nation as voters raged against the political establishment.
The far-right former military man Jair Bolsonaro won nearly half the votes in Brazil’s presidential election on Sunday, raising the strong prospect that he could take the helm of Latin America’s largest nation in a runoff later this month.
All eyes are set on Sunday October 7 presidential election, but Brazilians will also be electing, 27 governors, 54 senators and 513 legislators, and Congress wields considerable power and since 2016 has decided the fate of two presidents: to impeach Dilma Rousseff for juggling with budget numbers and to shield Michel Temer from corruption charges.
Jair Bolsonaro, Brazilian extreme right presidential candidate is leading in opinion polls and also has good strategists. On prime time Thursday when the seventh and last debate of presidential candidates, which he did not attend on medical recommendations, Bolsonaro had a long interview aired at the same time, at his home, in which contrary to his firebrand rhetoric he transmitted a clearly conciliatory message.