BZF - Emerging Markets: The Week Ahead (Feb 25-Mar 1) Brazil's Economic Recovery Gains Further Ground
Brazil’s calendar will be somewhat light on economic releases in the week ahead, with updates that include unemployment, GDP, consumer confidence and manufacturing. However, some political risk appears to have risen to the fore, amid reports that Secretary General Gustavo Bebianno — a close ally of far-right President Jair Bolsonaro — had resigned Monday over alleged improper use of campaign funds during the 2018 election.
The shift could throw a wrench into the country’s reform agenda — notably around the issue of pensions.
Marc Chandler, chief market strategist at Bannockburn Global Forex, noted “Bebianno may