Laura Carvalho and Joseph E. Stiglitz
If he wins the October 25 runoff, far-right presidential candidate Flávio Bolsonaro plans to slash public spending by as much as 1.5% of GDP. These cuts could push Brazil into recession, hurt workers and small businesses, and drain tax revenue—all without solving the country’s debt problem.
NEW YORK—Brazil faces a stark choice on October 25, when far-right candidate Flávio Bolsonaro and President Luiz Inácio Lula da Silva face off in the country’s presidential runoff.