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Macroeconomic & Geopolitical

What Markets are Missing Beneath Brazil’s Messy Headlines

1 April 2021 - 3 min read

While a lot of things have gone wrong for Brazil, it is fair to say that the gap between market prices and economic fundamentals has gone too far.

The pandemic has wreaked havoc in terms of infections and deaths. Bolsonaro’s leadership has been lacking, with the pandemic and broader management of the country—or so it is believed. Actual economic releases, including activity and employment figures, balance of payments, and fiscal results, all point to a robust, healthy economy that is on the mend from a devastating health crisis.

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