Weekly Report - 05 January 2023 (WR-23-01)

Team Lula begins to roll in Brazil

Luiz Inácio Lula da Silva was sworn in as president of Brazil on 1 January, with his record number of 37 cabinet ministers beginning to lay out their policies and priorities. At one level, management of the transition has been impressive. At another, the new administration has communicated poorly, unnecessarily rattling the financial markets.

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