Was Brazil the 'last remaining hurdle' for emerging markets?

Brazilian election means less political uncertainty

The second-round results of the Brazilian election confirmed the strong first-round advantage of extreme right candidate Jair Bolsonaro.

This highlights a key political turning point for Brazil as much as it reveals a deep ideological polarisation within the country, following the perception of political corruption and surging violence amid sub-potential growth and high unemployment.   Bolsonaro's electoral platform is decidedly focused on law and order as well as family values, while he admits little understanding and less care about economic issues. This makes his choice of finance minister and the future central bank leadership key to the country's economic outlook. So far, his nominee for finance minister, Paulo Gu...