FT News Briefing Brazil’s bullish finance minister
Dec 3, 2021
Brazil's finance minister shines a hopeful light on the country’s economy despite a technical recession. OPEC's decision to ramp up oil production ties into the complexities of US-UK trade negotiations. The conversation also delves into Brazil's new minimum income program aimed at supporting impoverished families. Meanwhile, there's a notable discussion on influential women and ongoing women's rights advocacy, showcasing strides in the fight for equality.
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Guedes's Waning Influence
- Brazilian Finance Minister Paulo Guedes's influence on President Bolsonaro seems to be waning.
- Initially seen as a guarantee of investor-friendly policies, Guedes's free-market reforms face challenges as Bolsonaro turns to populism.
Brazil's Pandemic Response
- The Bolsonaro government downplayed the virus's significance, yet their emergency handouts were praised.
- These handouts prevented poverty from rising and ensured a rapid economic rebound, although future growth is debated.
Women of the Year
- The FT's 25 Most Influential Women list highlights women carving space in their fields and advocating for rights.
- While aiming for a future without such lists, it acknowledges ongoing struggles for women's equality globally.