Though the ongoing mass protests in Brazil are a cause of worry for investors, many are more concerned about the Lula government’s socialist economic policies, which they fear could worsen the fiscal spending situation and already-high inflation.
Brazil has been seeing mass protests against President Luiz Inacio Lula da Silva ever since he assumed power in October, with many rejecting his narrow win against the previous conservative president, Jair Bolsonaro, from the Liberal Party. However, it is the current government’s fiscal and other economic policies that are on top of investors’ minds.
