Economics
As Bolsonaro Takes the Reins, Brazil Economy Czar Fades Away
- Investors fear Paulo Guedes era is drawing to a close
- Guedes remaining in office hinges on approval of reforms
This article is for subscribers only.
Paulo Guedes joined the administration of Brazil’s Jair Bolsonaro in 2019 as a super minister charged with steering Latin America’s largest economy through an ambitious program of privatizations, deregulation and tax and spending cuts.
Two years later, it’s the president who’s increasingly calling the shots and moving away from his star minister’s market-friendly agenda, despite acknowledging openly that he knows little about the economy.