The Intelligence from The Economist Lula loop: meeting Brazil’s presidential front-runner
Sep 29, 2022
Sarah Maslin, Brazil correspondent for The Economist, interviews Luiz Inácio Lula da Silva, a prominent politician eyeing a return to the presidency. They discuss the delicate balance Lula must strike between his populist agenda and the need for fiscal responsibility. Wendelin von Bredow delves into Germany's economic vulnerabilities, highlighting its dependence on Russian gas and challenges within its industrial sector. The conversation also touches on Vietnam's controversial revival of propaganda loudspeakers, stirring public debate.
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Lula's Uncertain Path
- There is uncertainty about which political and economic path Lula would take if elected.
- He could govern like his fiscally conservative first term or his more populist second term.
Lula's Priorities
- Lula's top priority is to help poor Brazilians struggling with hunger and inflation.
- He plans to create jobs by investing in infrastructure, similar to Biden's plan.
Lula's Growth Plan
- Lula believes that the Brazilian government needs to increase spending to boost economic growth.
- He intends to accomplish this with public bank expansion and infrastructure projects.