Brazil under Lula: growth up, unemployment down, hunger falling
A new analysis finds strong growth, falling unemployment, poverty and hunger during Lula’s third term, alongside high borrowing costs and mounting household financial pressures.
An analysis released Wednesday documents some of the major economic gains that Brazil has made over the past four years during the third term of President Luiz Inácio Lula da Silva, who is currently in a close battle for re-election against rival Flávio Bolsonaro.
The analysis, published by the US-based Center for Economic and Policy Research (CEPR), finds that, between 2022 and 2025, the Brazilian economy grew by a cumulative 8.9 per cent, easily outpacing the average rate of growth in other South American countries.
This growth has been........
