Brazilian Financial Market Frustrated by Bolsonaro, But Maintains Support

The lack of confidence should lead to higher interest rates, inflation, and further deepening of the recession, according to market assessment.

RIO DE JANEIRO, BRAZIL - If it still had hopes of a robust reform agenda, fiscal austerity, and privatization between now and 2022, the financial market lost its hopes once and for all during the pandemic.

The last straw in a glass already filled with sorrow for the failure to keep economic policy pledges came two weeks ago when the government threatened to embark on shady fiscal maneuvering to finance the '

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