Brazil’s UBS BB sees potential dispute between Bolsonaro and Lula in 2022 election; projects market anxiety

RIO DE JANEIRO, BRAZIL – Outlining a preliminary situation of the 2022 elections and its potential impression on markets, Fabio Ramos and Alexandre de Azara, economists at UBS BB, imagine a runoff between President Jair Bolsonaro and ex-president Luiz Inácio Lula da Silva is extra seemingly.

The UBS BB economists additional level out that because the pandemic subsides, they see that the market’s focus is shifting to the elections. “For the primary time, Brazil could also be confronted with a alternative between a sitting President and a former one,” they level out.

There’s elevated nervousness available in the market . . .

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