The Fort Worth Press - Comeback king Lula gets delayed honeymoon in Brazil

USD -
AED 3.67301
AFN 67.735624
ALL 93.676927
AMD 389.366092
ANG 1.79184
AOA 912.999767
ARS 1004.2644
AUD 1.537716
AWG 1.8025
AZN 1.698816
BAM 1.866649
BBD 2.007368
BDT 118.805833
BGN 1.86519
BHD 0.376881
BIF 2936.769267
BMD 1
BND 1.340014
BOB 6.908201
BRL 5.788556
BSD 0.994226
BTN 84.384759
BWP 13.582568
BYN 3.25367
BYR 19600
BZD 2.004028
CAD 1.39721
CDF 2871.000251
CHF 0.89023
CLF 0.035245
CLP 972.511859
CNY 7.247004
CNH 7.247775
COP 4389.75
CRC 506.418516
CUC 1
CUP 26.5
CVE 105.825615
CZK 24.144979
DJF 177.047741
DKK 7.11428
DOP 59.918874
DZD 133.978042
EGP 49.606897
ERN 15
ETB 121.711477
EUR 0.953875
FJD 2.273298
FKP 0.789317
GBP 0.79573
GEL 2.739828
GGP 0.789317
GHS 15.795384
GIP 0.789317
GMD 71.000264
GNF 8569.792412
GTQ 7.717261
GYD 209.15591
HKD 7.78065
HNL 25.124314
HRK 7.133259
HTG 130.508232
HUF 391.270342
IDR 15867.7
ILS 3.67335
IMP 0.789317
INR 84.28615
IQD 1302.422357
IRR 42074.999919
ISK 138.219991
JEP 0.789317
JMD 158.38702
JOD 0.709297
JPY 154.504005
KES 129.249442
KGS 86.789401
KHR 4002.863278
KMF 472.497487
KPW 899.999621
KRW 1402.629477
KWD 0.30781
KYD 0.828545
KZT 496.420868
LAK 21838.433199
LBP 89031.629985
LKR 289.365682
LRD 180.450118
LSL 17.940997
LTL 2.95274
LVL 0.60489
LYD 4.855212
MAD 10.057392
MDL 18.13427
MGA 4640.464237
MKD 58.714344
MMK 3247.960992
MNT 3397.999946
MOP 7.971348
MRU 39.559055
MUR 46.829705
MVR 15.459824
MWK 1723.996411
MXN 20.36164
MYR 4.452002
MZN 63.909817
NAD 17.940997
NGN 1682.389973
NIO 36.583154
NOK 11.06721
NPR 134.268671
NZD 1.71082
OMR 0.385003
PAB 0.99976
PEN 3.769947
PGK 4.002863
PHP 59.019016
PKR 276.089812
PLN 4.12535
PYG 7761.46754
QAR 3.646048
RON 4.747299
RSD 111.608999
RUB 104.015417
RWF 1357.193987
SAR 3.754629
SBD 8.383555
SCR 15.037077
SDG 601.499594
SEK 10.987405
SGD 1.34732
SHP 0.789317
SLE 22.729727
SLL 20969.504736
SOS 568.169888
SRD 35.494016
STD 20697.981008
SVC 8.699677
SYP 2512.529858
SZL 17.934793
THB 34.603018
TJS 10.647152
TMT 3.5
TND 3.17616
TOP 2.342103
TRY 34.590225
TTD 6.752501
TWD 32.470987
TZS 2649.999926
UAH 41.131388
UGX 3694.035222
UYU 42.516436
UZS 12754.82935
VES 47.132583
VND 25420
VUV 118.722009
WST 2.791591
XAF 626.062515
XAG 0.03248
XAU 0.000372
XCD 2.70255
XDR 0.756295
XOF 626.062515
XPF 113.823776
YER 249.925
ZAR 18.067798
ZMK 9001.200923
ZMW 27.464829
ZWL 321.999592
  • CMSC

    0.0320

    24.672

    +0.13%

  • RBGPF

    59.2400

    59.24

    +100%

  • CMSD

    0.0150

    24.46

    +0.06%

  • RYCEF

    -0.0100

    6.79

    -0.15%

  • GSK

    0.2600

    33.96

    +0.77%

  • RIO

    -0.2200

    62.35

    -0.35%

  • NGG

    1.0296

    63.11

    +1.63%

  • SCS

    0.2300

    13.27

    +1.73%

  • BTI

    0.4000

    37.38

    +1.07%

  • AZN

    1.3700

    65.63

    +2.09%

  • RELX

    0.9900

    46.75

    +2.12%

  • VOD

    0.1323

    8.73

    +1.52%

  • BCE

    0.0900

    26.77

    +0.34%

  • BP

    0.2000

    29.72

    +0.67%

  • BCC

    3.4200

    143.78

    +2.38%

  • JRI

    -0.0200

    13.21

    -0.15%

Comeback king Lula gets delayed honeymoon in Brazil
Comeback king Lula gets delayed honeymoon in Brazil / Photo: © AFP

Comeback king Lula gets delayed honeymoon in Brazil

Economic growth is up, Amazon deforestation is down and he's scored some key wins in Congress: Brazilian President Luiz Inacio Lula da Silva finally appears to be getting a delayed honeymoon in his third-term comeback.

Text size:

Once called "the most popular politician on Earth" by no less than Barack Obama, veteran leftist Lula got off to a bit of a rough start when he returned to office on January 1, following a brutal, divisive election against far-right incumbent Jair Bolsonaro.

But a poll last week by the Genial/Quaestinstitute put Lula's approval rating at a solid 60 percent, well up from the 51 percent he scored in April -- if not quite on par with the 87 percent he basked in when leaving office in 2010 after his first two terms.

It appears the 77-year-old president is hitting his stride in "Lula Three," after a first 100 days marred by gaffes, battles with Congress and mistrust from the business sector -- not to mention riots by Bolsonaro supporters who trashed the presidential palace, parliament and Supreme Court in Brasilia a week after his inauguration.

"Four or five months ago, no one would have thought Lula would be in such a favorable position today," international relations specialist Leonardo Paz Neves of the Getulio Vargas Foundation told AFP.

None of which is to say it could not all fall apart, of course.

Arguably no one knows that better than Lula himself, who presided over a watershed boom in the 2000s and left office an international icon, only to be imprisoned eight years later on controversial corruption charges -- since quashed by the Supreme Court.

- Lucky Lula -

Lula, who grew up in deep poverty before becoming a metalworker, union leader and then president, enjoyed great good fortune in his first two terms, when booming demand for Brazil's key commodity exports unleashed whirlwind economic growth.

These days, Latin America's biggest economy is far from the dynamo it was in the 2000s. But Lula still looks to have a bit of the Midas touch.

The economy grew a better-than-expected 1.9 percent in the first quarter, according to government data, and analysts predict growth of two to 2.5 percent for this year.

Lula also scored a key victory last Tuesday when Brazil's Congress passed new budget rules, ditching strict spending caps and enabling the administration to free up money for social and infrastructure programs, in exchange for more-flexible deficit-slashing targets.

Getting the bill through the conservative-majority Congress would have been unthinkable a few months ago.

"The government showed its capacity to organize and get its projects approved," said political scientist Mayra Goulart of Rio de Janeiro Federal University.

The Congressional backing comes at a cost: Lula is expected to announce a cabinet reshuffle soon to reward centrist parties for their support.

Lula got another legislative win in July, when the lower house passed tax reforms that were decades in the making. That bill now heads to the Senate.

Fitch upgraded Brazil's credit rating last month from BB- to BB, citing the government's economic reforms.

Not all observers are convinced by these positives, however.

"For the government to respect the new budget rules, it will have to increase its revenues. And that's looking difficult," said economist Pedro Paulo Silveira.

Lula has also faced criticism at times for his close ties with Russia and China, and his reluctance to condemn the Russian invasion of Ukraine.

- Opposition sidelined -

Bolsonaro and his allies have meanwhile been weakened by a series of scandals and police investigations.

In June, electoral authorities barred Bolsonaro from running for office for eight years over his unproven allegations the voting system is fraud-prone, sidelining him from the next presidential elections, in 2026.

As the opposition struggles, Lula has been busy burnishing his international image, meeting with world leaders, giving a speech on climate change to a giant crowd in Paris in June and hosting a summit of Amazon rainforest nations earlier this month.

Environmentalists criticized the summit for its lack of concrete emissions-cutting pledges, but Brazil still emerged "as an essential country in the climate debate," Paz Neves said.

Lula can point to more promising news on that front: deforestation in the Brazilian Amazon in the first seven months of his term fell by 42.5 percent from the previous year.

T.Harrison--TFWP