Is the dollar's surge a sign that Lula has lost his grip on the economy?

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BBC News Brasil

Published on Jan 3, 2025
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The record highs reached by the dollar in December 2024 brought a bitter climate to the end of the first half of Luiz Inácio Lula da Silva's government. The sharp devaluation of the real ended up overshadowing the year's good results, such as above-expected economic growth, the low unemployment rate and the approval of the tax reform regulations. At the same time, it sheds light on the fiscal crisis: the government's difficulty in balancing public accounts and controlling its debt, factors that tend to fuel inflation and keep interest rates high in the country. In this video, our journalist Camilla Veras Mota explores the scenario that explains the surge in the American currency. Also check out the text report: https://www.bbc.com/portuguese/articl... Did you like it? Subscribe to the BBC News Brasil channel! And if you want to read more news, click here: https://www.bbcbrasil.com

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