Rousseff supporters celebrate victory

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Rousseff supporters celebrate victory

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The result of the Brazilian presidential election, expected as it was, prompted scenes of jubilation among Rousseff’s Workers Party and many others.

It basically means Brazilians have voted for more of the same. And that is a ringing endorsement for outgoing President Lula who, after two consecutive terms, was not allowed to stand again.

After eight years in power, he leaves office with a popularity rating of some 80 per cent.

One delighted Rousseff supporter said: “It’s the first woman president of Brazil. We have to celebrate because it’s historic.”

Another added: “She will govern well like any woman can.”

“They’ll have to put up with us for four more years,” said a third.

While the financial markets may not be celebrating in quite the same style, analysts do not anticipate much change on the markets.

Rousseff’s victory was so expected, it has already been factored in.

But there is no doubt the new president will face many hurdles keeping Brazil’s growing economy on the right course in troubled times.