RIO DE JANEIRO, BRAZIL - With a stagnant economy and discouraging prospects in the government, the financial market is preparing itself for the so-called "Bolsonaro risk", reports Brazilian newspaper Valor Econômico.

The president's public statements, particularly his belligerent stance on global issues such as the environment, have scared off investors.

Despite confidence in the economic policy of Minister Paulo Guedes, the virtually unanimous conclusion is that Bolsonaro's controversial statements have been a hindrance.

According to Valor, executives are uncomfortable with the president's behavior: "Investment committees and boards of directors of large funds are more and more . . .

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