This 12 months, Brazil’s property had outperformed their friends this 12 months as traders grew to become satisfied that Luiz Inácio Lula da Silva can be a protected pair of arms for the economic system. Nonetheless, now that he’s about to take workplace, they don’t seem to be so certain.
After successful the election final month, Lula da Silva has stepped up his plans to spice up social spending, whereas his transition group consists of names who performed key roles within the authorities of Dilma Rousseff, his handpicked successor who led the economic system to a extreme recession.
“The names being thrown round do not encourage any . . .