Lula Will Boost Brazil’s Real With Credibility Shock, Aide Says
- Haddad says Lula would be fiscally responsible, curb inflation
- Business leaders are starting to abandon Bolsonaro, he says
Fernando Haddad, former mayor of Sao Paulo, is now leading the gubernatorial race in the state
Photographer: Patricia Monteiro/BloombergThis article is for subscribers only.
Brazil urgently needs to regain investor confidence and Luiz Inacio Lula da Silva has the capacity to put the economy back on track, helping boost the country’s currency along the way, according to one of the closest aides to the former president and front-runner in October’s election.
A stronger real would help policy makers bring inflation to target, said Fernando Haddad, who’s running for state governor of Sao Paulo and participating in talks with business leaders alongside Lula.