www.g4media.ro/prabusire-istorica-pe-pietele-finan

Brazil's financial markets faced a severe downturn following Luiz Inácio Lula da Silva's unexpected presidential victory, with the São Paulo stock exchange dropping 15% and the real depreciating significantly against the dollar. Investors had anticipated a win for right-wing candidate Flávio Bolsonaro, who was expected to implement fiscal consolidation. Lula's victory reversed a strong market trend, raising concerns about Brazil's public finances, with projections of an 8% budget deficit by 2026. The central bank's high interest rates and Lula's proposed spending increases have further fueled worries about economic stability. The market's reaction reflects the urgent need for a credible fiscal plan as Lula navigates a conservative Congress.