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The Conversation
Marc-Andreas Muendler, Professor of Economics, University of California, San Diego

Brazil's economic challenges are again Lula's to tackle – this time around they're more daunting

Bolstering Brazil's economy will be hard if there's a global recession. Mauro Pimentel/AFP via Getty Images

Even when they’re in trouble, Brazilians rarely lose their sense of humor. But in recent years, their joviality has often given way to political division everywhere from social media to the dinner table.

One familiar quip – that Brazil is the country of the future and always will be – has lost its levity as Luiz Inácio Lula da Silva begins his third presidential term. Lula previously led his country from 2003 to 2010. The president, who was sworn in again on Jan. 1, 2023, promised on the campaign trail that Brazil’s future can be like its past again: more prosperous and less polarized.

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