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Could maintenance of market-friendly policies encourage investment in Brazil?

Date added: 29th October, 2010 at 09:56
(view all articles from October, 2010)

Categories: Economy

People considering commercial investment in Brazil may be encouraged to hear that both leading presidential candidates plan to maintain market-friendly policies.

The first round of voting for the new leader was completed on October 3rd, although no clear winner was found.

To decide the next president, another ballot will take place on Sunday (October 31st), with Dilma Rousseff of the ruling Workers' Party expected to take office.

The politician won 47 per cent of the vote in the first round but needed 50 per cent to enter government.

Her main opponent is Jose Serra of the Brazilian Social Democratic Party and Reuters reported that, while the two candidates' economic strategies differ, both have said they would keep the country's policies market-friendly.

However, although he mostly endorses current approaches to fiscal matters - which have helped to provide stability in the nation in recent years - Serra has said he would make some changes, the news provider stated.

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