President Luiz Inácio Lula da Silva can dissipate the pessimism that has settled in among investors with a reliable plan to stabilize Brazil’s debt, BTG Pactual Chief Economist Mansueto Almeida says.
“The market is dying to improve,” Almeida, who acted as Treasury Secretary between 2016 and 2020, said in an interview. Domestic stocks, which have fallen 2.6% since Lula won the election on Oct. 30, could jump almost 20% if Lula strikes the right tone with investors, he added.
He’s optimistic the government will deliver on the plans, which should prioritize measures that reduce Brazil’s fiscal deficit, as mentioned by …
