Episode 163 – Driven by Legacy? — Brazil and the Anti-Incumbency Shuffle
with Christopher Garman, Managing Director for the Americas, Eurasia Group
A surprising comeback has given President Lula a historic fourth term, but governing Brazil may prove more difficult than winning the election. In this episode of Current Account, Clay is joined by Christopher Garman, Managing Director for the Americas at Eurasia Group, to unpack what drove Lula’s victory and what comes next.
They discuss the fiscal and economic challenges facing the new administration, the future of Brazil’s political right, and what investors will be watching as Lula begins another term. The conversation also looks beyond Brazil’s borders, exploring the country’s growing importance in energy, critical minerals, agriculture, and global trade, as well as how Lula may navigate relationships with the United States, China, and other major partners.
This IIF Podcast was hosted by Clay Lowery, Executive Vice President, Research and Policy, and managed by Christian Klein, Digital Graphics and Production Associate and Miranda Silverman, Senior Program Assistant.