In September, voting sessions in Brazil's Congress were compromised due to the absences of deputies and some senators who were tending to the electoral campaign. However, with the end of the first round of elections, the scenario of who was reelected and who will leave the legislative houses is already set. Through the rest of the year, party leaders expect to move forward with at least two priority proposals: the nursing salary floor and the 2023 Budget.
In terms of the economy, Brazil registered deflation in the period between July and September. According to IPCA data, the average drop in prices was 1.32% - the highest recorded for a three-month interval since the beginning of monitoring, in 1980. The main reductions occurred in the prices of food and fuel.
Download EGA Brazil's latest report for a full breakdown of the current political and economic scenario, as well as a deep dive into Brazil's prospective approach to crypto regulation.
