Lula's Economist Sees Less Dramatic Fiscal Situation

Mon, Nov 2Public accounts

What happenedLula's economist Jose Sergio Gabrielli says Brazil's fiscal situation is less dramatic, but still needs deficit reduction measures.
WhyGabrielli's statement is based on a proposal by Lara Resende, which he endorses in an article.
Market impactA less dramatic fiscal situation could lead to lower interest rates and a stronger real, making imports and dollar debt cheaper.
What to watchInvestors will be watching the implementation of Lula's economic policies and their impact on the market.

B3 closed that daySource: Folha de S.Paulo + 1 more outlet

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