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Reuters
Reuters
Business
By Paula Arend Laier

Investors must wait for Brazil election for fiscal clarity -Credit Suisse executive

FILE PHOTO: Former Brazilian President and current presidential candidate Luiz Inacio Lula da Silva speaks during a campaign rally in Manaus, Brazil August 31, 2022. REUTERS/Bruno Kelly/File Photo

Investors seeking clarity about the future of Brazil's fiscal policy from 2023 on must wait for the outcome of October's presidential election, said the chief investment officer of Credit Suisse for Latin America.

"You have to wait for the definition of who is going to implement the policies next year to, in fact, be able to understand what is the fiscal risk that lies ahead," Luciano Telo told Reuters, adding that the uncertainty may delay some investments in the country.

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