Aurora Macro Strategies

Aurora LatAm Report: Lula in Winter

April 22, 2026

Latin America

Lula is entering a colder political season as coalition strains and policy limits reduce his room for maneuver. Aurora assesses whether the winter is cyclical or structural, and what it means for Brazil's outlook.

The full report is available to Aurora's institutional clients. Request a copy and our team will follow up within one business day.

Request the full report

Aurora LatAm Report: Lula in Winter