The challenges ahead of Lula’s 3rd term in Brazil

An HT analysis of Brazil’s official statistics sheds light on these imminent challenges ahead for Luiz Inacio Lula da Silva

Luiz Inacio Lula da Silva is set to govern the largest Latin American economy for the third time, defeating the incumbent President Jair Bolsonaro by a slim margin. Delivering his victory speech on October 31, Lula pledged to govern for all Brazilians, however, the task of presiding over the divided nation and its economy appears more daunting than how it was in 2003, which was when Lula came to power for the first time. An HT analysis of Brazil’s official statistics sheds light on these imminent challenges ahead of Lula. Here are four charts that show this.

Brazil's Luiz Inacio Lula da Silva speaks during a meeting with members of the government transition team in Brasilia,(Reuters)