LATAM POLITICS TODAY – Strong Brazilian GDP boosts Bolsonaro’s re-election efforts
The latest in Latin American politics today:
Strength in Brazilian GDP boosts Bolsonaro’s re-election efforts BRASILIA – Brazil’s economy rebounded more than expected in the second quarter, boosted by consumer spending and the recovery in services, providing a tailwind for President Jair Bolsonaro as that he is seeking re-election in October.
The country’s gross domestic product (GDP) rose 1.2% in the three months to June, the government statistics agency IBGE reported, better than the 0.9% growth predicted in a Reuters poll. from economists. Bolsonaro, who trails leftist former President Luiz Inacio Lula da Silva in opinion polls, has focused on economic initiatives to bolster his popularity, increasing cash handouts to low-income families and adopting fiscal measures to curb inflation.
Guatemala and Taiwan agree to strengthen diplomatic cooperation and training GUATEMALA – Taiwan and Guatemala signed an agreement to strengthen diplomatic cooperation and reaffirmed their mutual support during a visit by the Central American country’s foreign minister to the island, the Guatemalan government said.
Taiwan and Guatemala reached an agreement on the exchange and training of diplomatic personnel, the Guatemalan Foreign Ministry said in a statement, days after Foreign Minister Mario Bucaro in Taipei pledged ” always support” Taiwan. Guatemala is one of 14 countries to maintain formal diplomatic relations with Taiwan and one of three remaining allies in Central America, alongside Honduras and Belize.
RIO DE JANEIRO – Brazil’s Economy Minister Paulo Guedes said the continued war in Ukraine could lead the government to sign a decree on calamities, which would make way for a higher social protection program in 2023.
Maintaining monthly payments of 600 reais ($114.88) under the Auxilio Brasil program is one of President Jair Bolsonaro’s key promises in his bid for re-election in October. But in next year’s budget bill, the government has reduced cash payments to 400 reais because maintaining the current level would require circumventing the spending cap rule, and there is no legal provision to this topic so far.
(Compiled by Steven Grattan Editing by Frances Kerry)
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