Opinion polls released this week show the incumbent behind his rival, former President Luiz Inacio Lula da Silva, by seven percentage points or more despite the passage of an aid package worth some 41.3 billion reais .
Such a gap is deflating hopes of a late-game comeback. The right-wing president is relying on measures including gasoline tax cuts and expanded cash subsidies to the poor to lift his popularity. He has been criticized for ringing up a bill that’s big enough to drag down the entire economy in the long-term.The size of the package is “completely unprecedented in terms of what we’ve seen in past elections,” said Thomas Traumann, a political consultant and columnist.
Double-digit inflation is squeezing Brazilians’ purchasing power and undermining Bolsonaro’s claims that he’s best-suited to helm Latin America’s largest economy.In recent weeks, Bolsonaro, 67, has combined executive action with the support of congressional allies to ease the pocketbook pain for common Brazilians. In his efforts to tame the soaring cost of living, he has taken particular aim at the price of fuel.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: No China Stimulus Good Enough for Stocks Fixated on Covid CurbsChina is ramping up efforts to revive its economy and boost market confidence. But, stock investors preoccupied with the damage inflicted by the nation’s strict Covid-Zero strategy aren’t buying it.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Rio Tinto’s Offer to Take Over Giant Copper Mine Is RebuffedRio Tinto Group’s $2.7 billion offer to buy out Turquoise Hill Resources Ltd. has been rejected, blocking its efforts to gain greater control of a giant copper mine it’s developing in Mongolia. I wish everyone can be like you Lisa, I haven't lost since you have been managing my trading account, I love you so much LisaMarkdona2
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Sweden Turns to Burning Oil as Power Prices Soar to RecordSweden is relying on an old oil-fired power plant to keep the lights on in the south as a dearth of wind generation and nuclear outages sends prices to a record. And we in south africa are betting on renewable like wind to solve our power crisis. Renewable are not consistent and reliable. So, now it’s ok for Sweden to pollute the atmosphere? Where are all the environmental activists? Greta Thurnburg is a Swede nogal! Frauds, the lot!
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Chip producers’ pandemic boom turns to bust with recession loomingEven in an industry famous for its roller-coaster cycles, chipmakers are bracing for a particularly severe shift in coming months, when a record-setting sales surge is threatening to give way to the worst decline in a decade or more.
Source: dailymaverick - 🏆 3. / 84 Read more »