Bolsonaro says he's pro-business, so why is Brazil's economy in the dumps?

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Jair Bolsonaro’s pro-markets stance helped him win the support of Brazil’s business elite — and eventually the presidency. So why do some say his policies have held back the country’s potential? Full video: (via CNBCi)

The South American country was named alongside Russia, India and China as the emerging markets with the ability to eclipse the world's biggest economies.

The deep economic recession that followed, coupled with political turmoil, fueled the rise of an unlikely winner in the 2018 general election: Jair Bolsonaro. That belief appeared supported by Bolsonaro's appointment of businessman and free-market advocate Paulo Guedes as economy minister, as well as by the Brazilian leader's pro-business speech at the World Economic Forum's Annual Meeting in Davos in 2019.

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i Brazil has been taken over by the CCP.

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