As so many presidential candidates in the U.S. have done over the years, Silva has the opportunity to beat Rousseff on economic issues. UBS estimates GDP growth in Latin America’s largest economy will be just 0.6% this year and 1.5% in 2015. The bank also pared its private consumption outlooks for Brazil for 2014 and 2015.
At 11%, Brazil’s benchmark interest rates are among the highest in the developing world, but inflation there remains stubbornly high, a scenario that could prove toxic for Rousseff in October.
iShares MSCI Brazil Capped ETF
ETF Trends editorial team contributed to this article.