Lula 3.0 and the Austerity Trap
The Left in power, the Right in control
Campaigning for his third term as president in 2022, Lula da Silva ran on a straightforward message: making Brazil “happy again.” Now, halfway through his third term, macroeconomic indicators paint a fairly rosy picture of the country’s trajectory under his administration: GDP growth exceeded expectations, and the unemployment rate fell ...
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