Brazil's Defining Moment

Brazil's Defining Moment

Economy & Policy

Mohamed El-Erian All eyes are on Brazil as incoming President Luiz Inácio Lula da Silva begins to navigate the country's economy through highly disrupted domestic financial markets, as well as a fragile and volatile global economy. Much is at stake, not only for Brazil but also for the whole of Latin America. Through determined policy implementation and the support of the international financial community, Brazil is in a position to normalize its financial markets and restore the conditions for high and sustained economic growth. There is no doubt that Lula is inheriting a difficult situation with l

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