Support for Fernando Haddad, the presidential candidate of Brazil’s Workers’ Party, has risen over the past week and recent comments suggest that he is trying to distance himself from the party’s left-wing platform. That said, regardless of who wins next month’s election, the prospects for major fiscal reform look slim. Meanwhile, a larger IMF deal for Argentina – which was mooted this week – would alleviate near-term default risks, but implementation of more stringent IMF conditions would be challenging.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services