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The Independent UK
The Independent UK
National
Carla Bridi

Brazil’s da Silva forms mixed economics team for transition

Da Silva Luiz Inácio Lula da Silva Economy Brazil Dilma Rousseff Geraldo Alckmin Guido Mantega
Copyright 2022 The Associated Press. All rights reserved

President-elect Luiz Inácio Lula da Silva’s transition added a team of economists Tuesday that includes at least two members likely to allay market worries about potential business and financial policies the incoming leftist leader might be considering.

Investors look favorably on André Lara Resende and Pérsio Arida, conservative economists who were among the architects of the Real Plan in the 1990s that implemented a new Brazilian currency and tamed hyperinflation.

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