The President begins this year in office with a favorable economic and political situation. Brazil appears to be an oasis of stability in the face of Javier Milei's ultra-liberal Argentina, the threats to Guyana from Chavista Venezuela or the Chilean constitutional fluctuations.
The first year of the third term of Luiz Inácio Lula da Silva It began with a failed coup in Brasilia and ended with Brazil overtaking Canada as the world's ninth-largest economy ($2.12 trillion, $9 billion more than Canada's GDP) and the approval of a tax reform won by governments of all political stripes Searching for 40 years.
In 2023, the stars seemed aligned that Lula would culminate his political resurgence with economic growth: 3.2%, four times higher than expectations at the start of the year that had predicted 0.8%. In April, the IMF forecast that Brazil would reach 10th place in 2023 and ninth in 2025.
This means that the South American giant – and the only member of the BRICS+ region after Argentina rejected its invitation – is already playing in the most important leagues of the “Top 10”, which, according to the IMF, now includes the USA, China, …
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