Flávio Bolsonaro’s fraud allegations and departure abroad add institutional uncertainty to Brazil’s policy outlook after Lula’s narrow election victory.
Lula won Brazil’s runoff with 51.8%, but Flávio Bolsonaro’s demand to annul the result adds institutional risk to an already fragile economic outlook.
Brazil’s presidential race goes to an October 25 runoff after Flavio Bolsonaro led Lula da Silva by less than two points in the first round.
Eduardo Bolsonaro is sentenced to over four years in prison for lobbying US sanctions against Brazil and barred from public office amid escalating political tensions.