After Dilma Rousseff’s impeachment on the 29th August, Brazil faces challenges with the instalment of a new government. Moving from a centre left to a more right-leaning government, Brazil is now under Michel Temer’s presidency. Former Dilma Rousseff’s vice, Michel Temer has positioned himself as a pro-privatisation and business friendly politician opposed to a more state interventionist Rousseff style. Besides that, his ministerial team is setting up austerity measures in terms of budgets for education and health.
Nevertheless, Brazil’s background look a bit gloomy for the installed president. Facing a falling GDP and rising unemployment, Temer has to govern under one of Brazil’s worse crisis in decades. On the top of this negative economic scenario, he is unpopular and was badly booed during Rio’s Olympics closing ceremony and at Brazil’s independence day celebration in Brasilia 7th September.
Temer is due to stay in power until the end of 2018, year of the next presidential election. Accused of illegal campaign donation, he is banned from running for public office and he will be transferring the presidential sash to his successor on 1st January 2019.
Seen as a coup monger by leftist Brazilians, Temer, on the other hand, represents hope for the most conservative Brazilians who see in him the opportunity for Brazil to resume its economic growth. His ministerial team seems to have a good relationship with businesses associations and he has been abroad a couple of times already, such as attending the G20 in China and speaking at the UN in New York, in the United States, trying to draw the attention of international investors.