Haddad Touts Record-Low Inflation and Jobless Averages as São Paulo Auto Show Returns

Overview

• He said Brazil is on track to finish Lula’s current term with the lowest accumulated inflation on record and the lowest average unemployment since IBGE data began.
• Haddad projected the strongest economic growth since 2010 and cited a drop in inequality, crediting minimum-wage increases and adjustments to the income tax table.
• He flagged the planned implementation of a value-added tax to ease burdens on investment and exports and proposed exempting all animal protein from taxes to lower basic food prices.
• He argued that economic gains are often overlooked on social media or in the press and urged Brazilians to focus on rebuilding and strengthening democracy.
• The São Paulo Auto Show runs Nov. 22–30 at Anhembi after a seven-year hiatus, with 25 brands including 10 Chinese automakers, in a scaled-down edition reportedly encouraged by President Lula.