Lula’s economic policy is more in tune; in the US, recession knocks on the door

The conduction of the economic policy of the new government follows in the base of the speech.

Still, there are two subtle changes with a strong effect. The first of these lies in the fact that only the Minister of Finance, Fernando Haddad (PT), and the Minister of Planning, Simone Tebet (MDB), have been talking about the economy — aligned and, at the same time, each in their own square.

The second is that the course of the prose is in the right direction, and with enough strength to show a real intention to revert the fragility of the public accounts.

These two factors confirm that President Luiz Inácio Lula da Silva’s (PT) scolding ministers who preach more radicalism worked, and Haddad managed to appease, at least for the time being, expectations about his work.

But politics doesn’t sleep, and neither does your agenda. This Wednesday (18th) will be marked by an attempt to implement a change in the minimum wage and in the policy of readjusting the minimum wage.

Lula meets the trade union centrals in Brasília and will hear from them a long defense for increasing the value of the current R$ 1,302, which fit into public accounts.

In this Wednesday’s episode, CNN Money shows the unions’ arguments and the risks that populist seduction poses — not only to public management, but to economic growth if the adoption of a minimum wage readjustment policy promotes increases above Brazilian productivity.

In the United States, the quarterly balance sheets of major banks show that the reduction in economic activity there is already a reality, showing signs that a recession is approaching.

Presented by Thais Heredia, the CNN Money it presents a balance of the news subjects that influence markets, finances and the direction of society and the dynamics of power in Brazil and in the world.

*Posted by Tamara Nassif