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Reuters
Reuters
Business
Isabel Woodford, Carlos Vargas and Gabriel Araujo

Latin America's new 'pink tide' gains pace as Colombia shifts left; Brazil up next

The statue of Simon Bolivar, located in Plaza Bolivar, is seen covered by the Colombian flag the morning after the second round of the presidential election, in Bogota, Colombia June 20, 2022. REUTERS/Luisa Gonzalez

Latin America's new "pink tide" is gaining pace after Colombia elected its first leftist leader Gustavo Petro, with Brazil expected to follow suit in elections in October, an echo of a regional political shift in the early 2000s.

Around the region, angry voters, pinched by the economic impact of the COVID-19 pandemic and rampant inflation fanned by Russia's invasion of Ukraine, have ditched mainstream parties and been lured by promised of bigger government and social spending.

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