LATIN AMERICA
LATIN AMERICA
Amid a presidential election year andthe advance of domestic and international far-right fronts against the government
of Luiz Inácio Lula da Silva, the International Monetary Fund (IMF) has acknowledged the growth of the
Brazilian economy.
The IMF projects that “growth will rise to 2.4 percent in 2026, driven by improved terms of trade—linked to higher global oil prices and fiscal support—before slowing in 2027 due to monetary conditions that will remain restrictive as they aim to bring inflation back to target.”
Despite constant pressure from Donald Trump and the imposition of extraordinary tariffs intended to curb the Brazilian economy, the IMF highlighted that the country’s economy is demonstrating "remarkable resilience in the face of multiple shocks."
The first round of the presidential election is scheduled for October 4, featuring key figures such as incumbent President Luiz Inácio Lula da Silva and Flávio Bolsonaro—son of former President Jair Bolsonaro, who was arrested for inciting a coup d'état against the current president.