Weekly Investment Focus

▪ The new Brazilian President will have to deal with a split Parliament and create a political consensus around him
▪ Jair Bolsonaro is expected to implement reforms in order to curb the public debt ratio
▪ His economic adviser, Paulo Guedes, recommends a capital-funded pension scheme and numerous privatisations
▪ That’s why Brazilian markets are improving with each publication of surveys favourable to the far-right candidate

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