Market doubts persist over Flávio Bolsonaro fiscal plan despite election optimism

Brazilian markets rallied after the first election round, betting on fiscal adjustment under a potential Flávio Bolsonaro government, but analysts flag seven unresolved doubts about the adequacy and strength of proposed measures. The core claim is that fiscal risks remain, though specifics are unverified. This matters because Brazil's fiscal trajectory is a key driver for local asset prices and investor sentiment.