Waack argues Lula's fiscal plan leaves structural problems untouched
The Brazilian commentator says efforts to reassure markets cannot substitute for reforms addressing weak productivity, low investment and business costs.
Why this story? One of CNN Brasil's most watched videos since yesterday, with 239,714 views.
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Waack: Lula tenta acalmar o mercado sem enfrentar a crise | CNN Brasil
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Brazil's government is trying to calm investors without tackling the economic problems behind their concerns, commentator William Waack argues in an editorial on Brazil's CNN Brasil.
His target is President Luiz Inácio Lula da Silva's proposed fiscal adjustment, which he considers too limited for the scale of the challenge. The Short drew about 240,000 views since yesterday.
Published under the title "Waack: Lula tenta acalmar o mercado sem enfrentar a crise | CNN Brasil" ("Waack: Lula tries to calm the market without confronting the crisis"), the segment is an opinion-led assessment of government policy, not an announcement of new measures.
Waack distinguishes between managing expectations and changing the conditions that shape them. He identifies unfavorable weather events, high interest rates, taxes and costly labor relations as pressures worsening the economic outlook. He also criticizes what he describes as Lula's view that financial markets profit at poor people's expense, arguing that this oversimplifies Brazil's economy.
The deeper obstacles, in his account, are longstanding stagnant productivity, persistently low investment and a difficult environment for businesses. A small fiscal package, he argues, cannot resolve those structural weaknesses.
His closing point concerns political timing: reforms take time to deliver results, while an administration concerned with its immediate approval ratings wants benefits sooner. Despite Lula's electoral mandate, Waack concludes, the government's fiscal effort has produced little.
Brazil’s president since 2023 and a member of the Workers’ Party. He also held the presidency from 2003 to 2011.
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Where next?
What do you think?
- Channel
- CNN Brasil
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- Channel views, last 7 days
- 33,578,465
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- 5,298,893 (on a normal day: 10,156,088)
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- November 12, 2026
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- 239,676
The numbers
The editorial attracted about 240,000 views since yesterday, placing it first among new Shorts on Brazil's leading news channels.
💡 Test your knowledge
Which political party does Brazilian President Lula belong to?
Lula is a member of Brazil's Workers' Party, known by its Portuguese initials, PT.





