EGA Brazil Scenario - March 2023

EGA Brazil's March Scenario covers the latest political developments from Brazil, beginning with coverage of the delicate relationship between President Lula and Congress following Lula's distributing positions in ministries to various parties to grow his base. Will this outreach prove to distance him from his allied base? Read the report below for our take. 

In addition, this month's scenario discusses the fallout of the January 8th attacks and the recent controversy over former President Bolsonaro's alleged attempt to bring jewelry items valued at BRL 16.5 million into Brazil undeclared.

As always, we finish the report with a breakdown of key economic developments this month, including recently released GDP data, President Lula's stance on interest rates, and more. 

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