Brazilian investors still support Bolsonaro. Foreign ones don’t

Over the past few weeks, business meetings between Brazilian and international executives and investors have often involved moments of awkward silence and eyes rolling when the conversation turned to Brazil’s upcoming elections. 

While Brazil’s economic elites still overwhelmingly support President Jair Bolsonaro, the former Army captain is deeply unpopular among international (and particularly Western) elites. He is generally seen as an environmental villain, Covid denialist, and a direct threat to Brazil’s democracy. 

International executives are often surprised to find out that voting behavior in Brazil ahead of his matchup with former President Luiz Inácio Lula da Silva is very different…

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