Brazilians vote in presidential election runoff pitting leftist Lula against far-right Bolsonaro

Brazilians are voting in a presidential election runoff between leftist candidate Luiz Inácio Lula da Silva and far-right candidate Flávio Bolsonaro. This second round is a crucial moment in the country's politics, with the incumbent president having lost the first round to Bolsonaro. The outcome of this election is significant for the economy, as Lula's policies are expected to be more aligned with the left-wing agenda, potentially impacting trade and investment in Brazil. The result will also have implications for the country's relations with other nations and the global economy.

Why it matters

The presidential election runoff is highly unpredictable and the outcome could lead to significant changes in economic policy. This uncertainty could lead to market volatility and decreased investor confidence.

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