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An extraordinary comeback for Brazil’s Lula sees a new ‘pink tide’ take shape in Latin America

2022-11-05 11:46:20       source:CNBC

November 4, 2022

A remarkable return to the presidency for Brazil’s Luiz Inácio Lula da Silva heralds a new so-called “pink tide” in Latin America, but political analysts say the latest leftist resurgence is very different from the one that swept into power in the 1990s.

Lula won a third presidential term late last month, securing 50.9% of the runoff vote to narrowly defeat far-right incumbent Jair Bolsonaro.

It marked an extraordinary political comeback for the 77-year-old former metalworker, who was jailed in 2017 in a sweeping graft investigation following a two-term 2003-2010 presidency. Lula was released in 2019 and his criminal convictions were later annulled, paving the way for him to seek a return to office.

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