fxs_header_sponsor_anchor

News

Brazil elections: Bolsonaro elected as president – Standard Chartered

Daniel Sinigaglia, Latam Economist at Standard Chartered, notes that Jair Bolsonaro (PSL – Social Liberal Party) is Brazil’s new president-elect and will take office on 1 January 2019 for a four-year term.

Key Quotes

“The result was widely expected, and had been confirmed by polls since the first-round vote. Bolsonaro won over 57.8mn votes, 55.2% of the valid votes, beating opponent Fernando Haddad (PT – Worker’s Party) by roughly 11mn votes.”

“Bolsonaro delivered a constructive victory speech soon after the official result was announced. He struck a pro-business tone, citing his determination to reduce the size of the state and the public deficit and to cut bureaucracy and regulations. He also stressed the importance private property and individual freedoms.”

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.