Brazil political risk looms large again over markets

Financial Post | Jun 29, 2020 at 5:03 PM
  • Political risk is again emerging as a major source of market instability in Brazil, as a series of setbacks for President Jair Bolsonaro sucks the life out of a broad-based recovery that had appeared to be gathering momentum following March’s market crash.
  • Volatility, meanwhile, has shot up almost to the levels it reached at the height of the global market crash in March.
  • The economic and public health issues Bolsonaro is grappling with are not unique to Brazil.