São Paulo’s Paulista Avenue was as soon as the beating coronary heart of the Brazilian financial system. Stretching three kilometres throughout town centre, the yawning boulevard was dwelling to the nation’s largest banks.
Today Paulista is the general public face of Brazil’s sharp financial decline. Homeless encampments dominate pavements and robberies are frequent. The status related to the one-time monetary hub has light away. On one billboard, the message is stark: “A fome voltou”, “Hunger is back”. The phrases are juxtaposed in opposition to a picture of Brazil’s president, Jair Bolsonaro, driving a jet ski, a broad grin unfold throughout his face.
For many Brazilians, Bolsonaro is accountable for the hardship now afflicting Latin America’s largest nation. In the three years for the reason that far-right populist grew to become chief in 2019, the financial system has grown solely about 2 per cent. The Covid-19 pandemic killed 670,000 Brazilians, the second-highest loss of life toll worldwide, and inflation has soared this yr to about 12 per cent, hurting the poorest most. A examine launched this month discovered greater than 33mn Brazilians now undergo from starvation — 14mn extra than simply two years in the past.
In the run-up to elections this October, voters are making their unhappiness clear. Poll after ballot reveals Bolsonaro trailing his major rival, the previous president Luiz Inácio Lula da Silva of the leftwing Workers’ occasion (PT), by as many as 20 proportion factors.
With a shrinking window during which to show his fortunes round, Bolsonaro seems more and more determined to enchantment to voters past his base. Those near the president predict additional cash handouts to the poor and a marketing campaign targeted on profitable over ladies voters who dislike his overt machismo. But it additionally means a rising tide of rhetoric designed to query the validity of the election itself — organising a possible confrontation after the polls shut that echoes the turmoil Donald Trump instigated within the US in 2020.
“Bolsonaro is trying to create a narrative that if he loses the election, then the result will be fake,” says Luiz Felipe D’Ávila, who’s working for the presidency with the libertarian Novo occasion and is polling in single digits.
Few anticipate this election to be with out drama. During the 2018 race Bolsonaro was stabbed whereas on the marketing campaign path. Now 67, he continues to undergo lingering results from the harm. His well being, in addition to that of his 76-year-old rival, are wild playing cards.
“People in the government know that if nothing changes, Lula will be elected in October,” says Thomas Traumann, a political analyst and former official in a PT-led authorities. “They will do whatever they feel is needed to change people’s mood and give new life to Bolsonaro’s campaign.”
The first spherical of voting is on October 2, however political analysts say Bolsonaro’s marketing campaign wheels are already in movement. The state of affairs has develop into pressing, says Bruno Carazza, a professor on the Dom Cabral Foundation, a enterprise college in Minas Gerais.
“It is the first case of a president running for re-election [who] is not at the forefront of the polls four months before election day . . . His position is unprecedented in Brazilian history.”
‘How can we go back to Lula?’
Set amongst rolling, vineyard-covered hills, Nova Pádua in Brazil’s far south calls itself a “little Italian paradise”. It is dwelling to nearly 3,000 folks, principally descended from Italian immigrants who arrived in Brazil early within the twentieth century.
Prosperous and organised, the tiny municipality contrasts sharply with Brazil’s bigger city centres. It can be politically distinct: within the 2018 race, 93 per cent of the city voted for Bolsonaro, the best proportion of the nation’s 5,500-odd official municipalities.
Despite his weak nationwide approval rankings, Bolsonaro has retained a devoted base of about 20 per cent of voters, a lot of whom reside in locations like Nova Pádua and are nonetheless vehemently against Lula’s return.

“There is an aversion here to the populism of government handouts, which the left developed. It’s the individuals who make things happen, not the state,” says Danrlei Pilatti, mayor of Nova Pádua, echoing a sentiment frequent in agricultural communities that Bolsonaro provides them the “freedom” to work.
“Bolsonaro is seen to defend the same values as agricultural producers — God, family and fatherland,” says Celso Fugolin, an agribusiness adviser who works on the booming “Bolsonaro Belt” of states stretching from Rio Grande do Sul within the south up by Mato Grosso within the west.
Bolsonaro was elected in 2018 as a political outsider who promised to stamp out corruption following a years-long graft scandal through the administration of Lula’s successor, Dilma Rousseff. The Lava Jato or “car wash” investigation, which started in 2014, implicated scores of politicians and found billions in bribes and kickbacks. In Bolsonaro’s southern strongholds, the subject stays a key concern.
“Corruption in the Workers’ party governments is something that everyone knows about,” says Oneide Susin, a small-business proprietor in Nova Pádua. “How can we go back to Lula? If he returns, we will become like Venezuela.”
Unfortunately for Bolsonaro, the argument resonates much less elsewhere within the nation. Large states with massive cities akin to São Paulo and Minas Gerais, which backed Bolsonaro within the 2018 race, now look set to flip. Lula, who served two phrases as president between 2003 and 2010, additionally seems to have a agency grip over the nation’s poorest states within the Amazon and populous north-east.
According to a BTG survey of 4 geographical blocs, Bolsonaro is poised to win solely the south, which accounts for 15 per cent of the voters. He additionally has sturdy assist amongst wealthier Brazilians — those that earn incomes at the very least 5 instances the minimal wage, which is about $235 per 30 days.
“Bolsonaro is facing a massive challenge to get re-elected and one explanation is inflation and the economy. People feel it in their pockets, when they go shopping and in terms of their quality of life,” says Maria do Socorro Braga, a professor on the Federal University of São Carlos.
The financial malaise is seen. Over the previous two years, São Paulo has reported a 30 per cent bounce (to nearly 32,000) within the variety of folks dwelling on the road. Entire public plazas are occupied by homeless residents.
“The topic of the election will be the economy and on this the president has nothing to say,” says Carlos Melo, a political scientist at Insper, a college in São Paulo. “He will blame it on the pandemic and the war in Ukraine, but these have affected many countries . . . Why does Brazil have the fourth-highest inflation level in the G20? Why is hunger in Brazil increasing so much?”
A particular focus
Those near the president say he sees the financial difficulties and is scrambling to handle them. “The challenge is the . . . big impact of inflation, especially fuel, gas and electricity prices. We have a special focus on this,” says Augusto Rosa, a federal lawmaker with Bolsonaro’s Liberal occasion.
The authorities this month handed laws capping state taxes on fuels, electrical energy and telecoms at 17 per cent. Fernando Bezerra, a senator who spearheaded the invoice, says the transfer might cut back by as a lot as 22 per cent the worth of diesel and gasoline, which is a selected sore spot for voters. Brazil’s truckers, core Bolsonaro constituents, have borne a lot of the brunt.
The authorities is giving a month-to-month money handout to the truckers.

Bolsonaro has additionally been leaning closely on Petrobras, the state-controlled vitality group, to drop its coverage of pegging diesel and petrol costs to worldwide charges. Over the previous 16 months, the Brazilian chief has dismissed three consecutive chief executives after they refused to desert the coverage, which Bolsonaro says retains costs excessive for customers. He has referred to as the corporate’s earnings prison, saying it threatens to “plunge Brazil into chaos”.
Onyx Lorenzoni, a former labour minister in Bolsonaro’s administration, says the federal government is “making great efforts to contain the rise in fuel prices by seeking to reduce taxes and questioning the policies of Petrobras”.
He provides that the federal government final yr elevated social welfare funds with its Auxílio Brasil programme. Under the scheme, Brazil’s poorest now obtain a cost of R$400 ($85) per 30 days, a 75 per cent improve on what was paid out on common through the earlier Lula-era Bolsa Família programme. Billboards throughout Brazil’s poor north-east, dwelling to 40mn voters, tout Bolsonaro’s scheme as “the world’s biggest”.
But if such efforts don’t start to pay dividends, Traumann says the federal government might go for broke and declare a state of emergency. This would enable Bolsonaro to avoid fiscal guidelines with a view to improve the Auxílio Brasil handouts, probably to as a lot as R$600. “This would leave the electoral courts with the burden of forbidding the poorest from getting more money” because the transfer would doubtless breach electoral legal guidelines, he says.
“Whether or not it would be enough to change the course of the election is impossible to predict.”

The prospect of declaring an emergency has been raised by Ciro Nogueira, the president’s chief of employees, who this month admitted that “the people are suffering”. But such a transfer can be more likely to rile worldwide buyers who’re completely on edge about Brazil’s public debt pile and the president’s populist tendencies.
Bolsonaro will declare that “if he does not win, the communists will be in power and they will undermine democracy and bring back a stronger state,” says D’Ávila, the presidential candidate. “He will say Congress and the Supreme Court didn’t let him pass laws, so he now needs the vote of the people in order to have a true rightwing government. That is his discourse.”
Beyond inflation, observers say Bolsonaro’s marketing campaign will concentrate on demographic teams the place he polls weakly, akin to with ladies, however that it’s unlikely to stray removed from his core populist message.
Divine accountability
“I have five children. Four are men and then, in a moment of weakness, the fifth came out a girl,” Bolsonaro stated in 2017.
Among ladies voters, the previous military captain now trails Lula by greater than 25 proportion factors, in response to Datafolha. Ahead of the 2018 vote, Bolsonaro was the goal of the Ele Não (“Not Him”) protest motion, designed to spotlight his typically misogynistic language and perspective. The motion continues in massive city centres, however has little resonance within the nation’s huge agricultural inside.

Still specialists say Bolsonaro is now making efforts to handle his weak spot amongst ladies by constructing assist from these in Brazil’s rising evangelical neighborhood who share his conservative values, together with opposition to abortion and LGBTQ rights.
“The evangelical woman’s vote will be very relevant. They are less ill-disposed towards Bolsonaro,” says Graziella Testa, a political scientist on the Getulio Vargas Foundation. She factors out that Bolsonaro’s spouse, Michelle, an evangelical Christian, is already enjoying a task.
Last month, the primary girl delivered a televised handle for Mothers’ Day that doubled as a marketing campaign commercial for her husband: “Being a mother is the most divine responsibility of all . . . We are committed to caring for our country’s mothers,” she stated.
Silas Lima Malafaia, an influential neo-Pentecostal pastor, says Michelle shall be a giant draw for evangelical voters, even when Bolsonaro himself stays a Catholic: “We know he’s not evangelical, but don’t care about that. We care about who upholds family principles and Bolsonaro has always had the same position,” he says. “For every five votes in the evangelical world, four are for Bolsonaro and one is for Lula.”
Bolsonaro typically invokes the almighty. This month he claimed God put him within the presidency, and he commonly says that solely God can take him from it. It is this type of rhetoric, mixed together with his relentless questioning of Brazil’s digital voting system and electoral courts, that has generated fears that he is not going to go away workplace if he does lose in October.
“Bolsonaro has never respected democracy,” warns Gleisi Hoffmann, the president of the Workers’ occasion, pointing to the president’s longstanding and vocal assist for Brazil’s 1964-1985 navy dictatorship and his assaults on the nation’s establishments. “Like all authoritarians, he fears the judgment of the polls,” she says.

Flávio Bolsonaro, the president’s son and marketing campaign co-ordinator, rang alarm bells final month when he stated inner polls confirmed Bolsonaro profitable within the first spherical and that, if he misplaced, the marketing campaign’s response wouldn’t be judicial. Many learn a touch of violence in his feedback.
The rhetoric seems to be working: in response to a Datafolha ballot, 34 per cent of the voters now imagine there may be “a big chance” this yr’s election shall be rigged. Given the unconventional nature of components of Bolsonaro’s base, there are those that anticipate to witness an occasion much like the 2021 storming of the US Capitol ought to Bolsonaro lose.
Edson Fachin, head of the electoral courtroom, took the bizarre step final month of asking ambassadors in Brasília to be “alert against frivolous accusations” and the “virus of misinformation”. “Democracy is threatened. Electoral justice is under attack,” the supreme courtroom decide had stated earlier.
Ciro Gomes, a centre-left presidential candidate who’s presently positioned third within the polls, says Bolsonaro is appearing intentionally to destabilise the political system and “create an excuse for his certain defeat in October”.
“He is trying to divert focus from the issues that the Brazilian people really want resolved, but for which he has shown himself totally incompetent,” he says.
Additional reporting by Carolina Ingizza