What will Lula's fourth term mean for Brazil? | Inside Story

Right now, unemployment is at a historic low of 5%, inflation is at 5%, GDP is expected to grow by 2.2% (Brazil is the 8th largest economy in the world by GDP PPP, and the 10th by nominal GDP). The HDI is at 0.786 (the highest so far), and the country has just left the UN Hunger Map (it includes countries where food insecurity affects more than 4% of the population. Brazil is below 4% now). A tax reform has just passed Congress (the most important since the adoption of the Tax Code of 1967). It unifies 5 types of taxes into 1 (an enormous reduction in bureaucracy and complexity), it lowers income tax on the middle class, and it exempts from federal taxes a long list of basic items (mostly food, personal hygiene and cleaning products). The mur3r rate fell from 46 thousand in 2022 to 32 thousand in 2025, deforestation in the Amazon fell by more than half in 4 years... what else? The country has 300 billion dollars in reserves, and it has more external credit than external debt (if all countries got together to pay up their debts, Brazil has more money to receive than to pay). The trade surplus is at 70 billion dollars. There is a budget deficit of 0.6% of the GDP and public debt is at 83% of the GDP (those two are points of concern, but, for perspective, in the US, those numbers are 5.8% and 126%, respectively)

A powerful New Hope.<br><br>&amp; Always remember the dipshit mainstream media that kept hammering its propaganda on how the right-wing scumbag of the Bolsonaro clan was supposed to win this election.<br><br>A propaganda that was fuelled by the patently evil empire of the USA.