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.

i Increasing CO2 and temperature will make the rain forest’s trees and plants grow a lot better.

i Lies plus lies plus lies, you must me more responsible and cautions with the peoples you choose to represent you here. Bolsonaro represents the single chance to avoid the return of a convicted left candidate that was arrested due to his performance destroying Brazil’s welfare.

i Brazil has a lot of elites

i This make no sense whatsoever.

i Mahsa_Amini

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i What is organic and renewed by nature in a cycle? That is correct. fossilfuel. tt:lizpeek berthacoombs

i Brazil is killing and destroying their natural resources. It will give out some day and then what.

i During the Lula government, Brazil experienced the highest levels of corruption, even Barack Obama compared him to a real gangster. During his government, the Amazon faced the highest deforestation rates. Lula is corrupt and was sentenced in several Brazilian judicial.

i PORQUE È UM INCOMPETENTE E JOGOU QUATRO ANOS DO PAIS NO LIXO

i Bolsonaro is the best president of Brazil. Bolsonaro2022 🇧🇷🙏

i after living in brzl for 7 years i can tell u this 1) they dont want change. - cant adapt well to change 2) the education systems is worthsh and they want it to continue being that way, and people dont demand. 3) corruptions is seeded into the system. cancerous 4) all the above

i Because he’s a fascist?

i They didn’t expect a pandemic and global economic melt-down! He out of tools I. His tool box!

i The global elites held back progress over their obsession to shut down the world over Rona. We are not stupid.

i elonmusk is helping to do that.

i Not an American tax dollar problem.

i Mentiras de quem nunca pisou na região amazônica.

i We all saw what happened to Europe and its green energy

i Everywhere around the world is in crisis because of what been going on .like domestic violence and other bad news. Prayers are needed .

i Russia Ukraine nato

i You've got to be shitting me .... pre-empting Fast money with CURLING Why not pre-empt that mincing simp Shepard Smith instead. No on watches that crap. Another reason to hate 'The Genocide Games'

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