Flávio Bolsonaro's departure to the USA weighs more on the senator's image, says former minister
For Maílson da Nóbrega, the defeated senator's statement tends to worry the business community less than the credibility of the parliamentarian himself.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM ESTADÃO · 2 MIN
Defeated in the race for the Presidency of the Republic, senator Flávio Bolsonaro (PL-RJ) left the country for the United States. According to Estadão, he claimed to be the “true elected president of Brazil”, but, in a later version of the same letter, the expression was changed to “leader of Brazil”.
Former Finance Minister Maílson da Nóbrega, cited by the newspaper, assesses that the episode has a limited effect on the productive sector. For him, businesspeople who follow politics and macroeconomic analyzes are unlikely to read the attitude as a sign of risk. The tendency, in the economist's view, is to see it as a difficulty in accepting defeat.
To support the thesis, the former minister uses the numbers from the second round. According to him, the re-elected president obtained 10 million more votes at this stage, and only 34 thousand votes were recorded after the voting time was extended. In his reading, no well-informed voter would take seriously the idea that the senator would be the president-elect.
The Estadão report also deals with the current legal situation of the senator, who, according to the title of one of the blocks of the text, is neither a fugitive nor an exile. The available data does not detail the legal framework, and therefore this article does not delve deeper into it.
The center of the discussion is the difference between political noise and economic factors. The former minister himself suggests that rhetoric weighs more on the reputation of those who issue it than on the decisions of companies and investors.
Still, the dispute over the legitimacy of the electoral result tends to enter the market's radar, because it affects the country's institutional predictability.
What changes for the investor
From what Estadão publishes, the episode does not, in itself, bring a concrete change in economic policy. The former minister's reading points to an impact on Flávio Bolsonaro's personal credibility, and not on the business environment. For those who follow the stock market, interest rates and the dollar, it is worth observing signs that go beyond rhetoric, such as the conduct of the fiscal agenda and the trajectory of interest rates. This article does not recommend the purchase or sale of assets and does not project quotations.
Automatically translated from Portuguese.
