Brazil Heads to a Runoff Election

The transcript discusses the Brazilian election results where Bolsonaro, a far-right candidate, narrowly missed an outright victory, leading to a runoff. Bolsonaro has gained momentum as centrist candidates faltered, and he is seen as the market-friendly choice. Despite doubts about his congressional support, investors prefer him over the leftist Workers Party. Bolsonaro plans to privatize state-owned companies and reduce the budget deficit, appealing to investors.

What was the outcome of the first round of the Brazilian election for Bolsonaro?

• He decided not to run in the runoff.

• He narrowly missed an outright victory.

• He lost by a large margin.

• He won an outright victory.

What did Bolsonaro urge his supporters to do after the first round of the election?

• Celebrate the victory

• Remain mobilized for the runoff

• Accept the election results

• Protest against the electoral system

What factor contributed to Bolsonaro's momentum going into the second round?

• Endorsement from the Workers Party

• Implosion of centrist candidates

• Lack of voter interest

• Support from centrist candidates

Why do financial markets view Bolsonaro as a favorable candidate?

• He proposes privatization and budget cuts

• He supports the Workers Party

• He plans to increase state ownership

• He has strong support in Congress

What is a concern regarding Bolsonaro's potential presidency?

• His plans to increase taxes

• His opposition to privatization

• His lack of support in Congress

• His strong ties with the Workers Party