Podcast: Lula 3.0 – How business friendly is the new Brazil?

This recording is from “Lula 3.0: How business friendly is the new Brazil?” which was an hour long webinar by Andrew Thompson and William Jackson held on 19 April 2023.

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Some of the areas the talk addressed, were:

  • How solid or shaky is Brazilian democracy?
  • Economic developments in 2023 and 2024
  • Will the new fiscal responsibility framework reduce the deficit?
  • Investment opportunities and risks under Lula’s new administration
  • Will a conservative Congress back economic reforms?
  • Will Brazil’s new multilateralism bring it closer to China?


Andrew Thompson is an experienced freelance writer, analyst, and consultant with a background in political risk and economic analysis. He has closely followed Brazilian politics since the 1980s when he was based in Rio as a correspondent for BBC World Service. As head of the its Latin American service — as well as a contributor to The Times, Economist Intelligence Unit and other outlets — he organised coverage of major political developments across the region. He has recently undertaken consultancy work on Chile’s 2019 social explosion, and on the energy transition in Brazil.

William Jackson is Capital Economics’ Chief Emerging Markets Economist. He leads a team of economists covering Latin America, Emerging Europe, the Middle East and Africa, and pays particular attention to developments in Brazil’s economy. Prior to joining Capital Economics in 2011, he was a research assistant at the Royal Institute of International Affairs (Chatham House). He holds a degree in Politics, Economics and Philosophy from the University of York and in Latin American Studies from the University of Oxford.