මූලික කරුණු සහ සාක්ෂි

• —Having lost the first round of Brazil’s presidential election to far right rival Flávio Bolsonaro, incumbent Luiz Inácio Lula da Silva spectacularly triumphed in the second.
• —The Guardian’s Latin America corrrespondent Tom Phillips answered your questions on what’s next for Brazil.Jeremy Hurley asks: Why did the Brazil stock market tank after the election result, and will it recover?Tom: Basically, because the markets had been convinced that Flávio Bolsonaro was going to win and that after taking power he would implement a “chainsaw” style austerity programme inspired by Javier Milei’s government in Argentina, deal with Brazil’s budget deficit, and bring down interest rates.
• —Lula’s victory came as a shock to investors who believe his fourth presidency will see increased and unsustainable public spending.Yes, I’m sure things will stabilise at some point soon after the initial panic – during Lula’s previous administrations investors made a lot of money, particularly during his first two terms.