Return of Brazil’s Lula ‘Not Necessarily Bad’ for Markets: Mobius

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  • Bloomberg Markets and Finance published this video item, entitled “Return of Brazil’s Lula ‘Not Necessarily Bad’ for Markets: Mobius” – below is their description.

    Mar.09 — Luiz Inacio Lula da Silva was thrust back into Brazil’s political scene after a judge tossed out criminal convictions against the leftist icon, causing markets to sell off on fears the country’s reform agenda will be derailed by early campaigning for the 2022 presidential election. Mark Mobius, founder of Mobius Capital Partners, reacts on “Bloomberg Markets.”

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    In This Story: Brazil

    Brazil is the largest country in both South America and Latin America.

    Its capital is Brasília, and its most populous city is São Paulo. The federation is composed of the union of the 26 states and the Federal District. It is the largest country to have Portuguese as an official language and the only one in the Americas, as well as the most populous Roman Catholic-majority country.

    Its Amazon basin includes a vast tropical forest, home to diverse wildlife, a variety of ecological systems, and extensive natural resources spanning numerous protected habitats. Brazil is classified as an upper-middle income economy by the World Bank and a newly industrialized country.

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