Rousseff Victory: The Hard Work Starts Now

BMI View: We expect the victory of Dilma Rousseff in the second round of Brazil's presidential election to result in a broad continuation of the currency economic policy mix. Key challenges will come in the form of a strengthening currency, deteriorating fiscal accounts and structural bottlenecks, and we caution that building consensus across the leftist bloc in congress will be key if Rousseff is to push through her legislative agenda, and ensure sustainable economic growth over the medium term.

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