Advertisement
Advertisement

Brazil’s Lula says to work for economic stability

By:
Reuters
Updated: Jan 31, 2023, 16:08 UTC

BRASILIA (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Tuesday he strongly supports "economic stability" and wishes for both fiscal and social responsibility during his term, while also pledging to work towards clean energy alternatives.

Brazil’s Lula says to work for economic stability

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Tuesday he strongly supports “economic stability” and wishes for both fiscal and social responsibility during his term, while also pledging to work towards clean energy alternatives.

Investors fear Brazil may face a spending wave under the leftist leader, with his economic team currently working on a new fiscal framework to replace the constitutional spending cap.

(Reporting by Lisandra Paraguassu)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement