Tue 18 Jun 2019 / Latin America Caribbean
Bolsonaro's Brazil in public debt peril
Jair Bolsanoro's move into Brazil's presidential palace raised market hopes that he would revitalise the country's economy, build a political consensus for much-needed pension reform and place public finances on a more sustainable track. So far, he has failed to make much progress in these areas as he engaged in divisive politics and his administration became riven by internal squabbles. Brazil is vulnerable to a full-blown public debt crisis, which will have global consequences, if the government fails to devise a credible programme.