It was one of his most successful campaigns. During the election campaign he claimed to have brought 25,000 jobs to Brazil, including 5,600 in construction, 1,500 in finance, and the rest in healthcare and other services. He also announced major investments to help ease the impact of currency devaluations on Brazil. However, the economy contracted by more than 4% in 2015, making it hard to bring the benefits of his election to life. During the government's first five months of office, GDP growth remained below 1%.
The country has its own economy, and even if all this had been done, a slowdown is not too shocking. As was true before the impeachment of Dilma Rousseff and the start of the Brazil 2019 presidential election campaign, it would be hard to see how any kind of significant investment would make a difference to the country's economic health in the years to come.
The economy, though growing, has not grown in three years, and it has had to shed hundreds of thousands of jobs, and it seems unlikely that that would change with a new president taking over.
Brazil's stock markets are in the midst of a spectacular rally that started in early June and has gained more than 40% since then. That, combined with a recent decision to suspend financial services in the South American nation, has made investors anxious, not just in Brazil but around the world.
Bonds with terms below 5% have spiked since Dilma Rouseff's coup, creating a glut that has forced banks to seek new loans to pay back creditors. Brazilian debt to GDP has declined for 15 consecutive quarters as well as GDP per capita. With many Brazilian businesses going out of business and few growth drivers left to tap to grow the economy, much of the country is suffering.
There are several other concerns which could have made a difference – inflation was expected to be one such, but it hasn't been, and real wages have stalled. Even though Brazilian politicians are committed to reducing the budget deficit to 3% of GDP by 2020, the economic decline has been so severe, it has taken two years to recover from the country's political crisis and recession. That is making life increasingly difficult for a government hoping to build on this positive development.
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Opposition calls for stolen generations to be memorialised in a historical marker
'This is a massive victory for the people of Grenada,' he told reporters on Thursday.
'We are taking the fight to this people's cause and we have to be ready to meet them.
'If you lose a generation of this, it is not the start of what is required, because we have a million to one shot of getting it right.'
'We're going to win this for democracy and human rights,' he added.
Venezuelan opposition leader Leopoldo Lopez has said he will send a commission to the Caribbean island.
He is said to be in talks with local officials to make the gesture.
President Nicolas Maduro (pictured) visited the island today (Wednesday) in order to make a gesture to his people
The two leaders met on Monday to negotiate further development and economic cooperation.
Venezuela is one of the most rapidly developing countries in the world, with a booming oil industry and population growth fuelled by high-quality exports.
Venezuela has been ruled by a left-wing government since Chavez fell out with the US over its failed attempt to rewrite the country's constitution.
Lopez, an outspoken opponent of President Maduro, says he will sign his own free-trade agreement with the US next week.
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