IBOV 182,991.13 ▼ 0.26% IPSA 11,137.59 ▼ 1.06% IPC MEX 64,944.41 ▼ 0.07% MERVAL 2,798,925 ▼ 3.28% COLCAP 2,579.33 ▼ 0.21% BVL PERÚ 60,698.35 ▼ 0.79% USD/BRL5.21▼ 0.25% USD/MXN17.99▼ 0.04% USD/CLP965.70▲ 0.43% USD/COP3,364▲ 1.83% USD/PEN3.44▲ 1.32% USD/ARS1,525▼ 0.02% USD/UYU40.39▲ 0.44% USD/PYG5,843▼ 0.46% USD/BOB11.98▼ 1.56% USD/DOP59.28▼ 0.02% USD/CRC450.38▼ 0.11% USD/GTQ7.63▼ 0.07% USD/HNL26.86▲ 0.03% USD/NIO36.62▲ 2.65% USD/VES855.74▼ 0.02% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.72▼ 0.73% EUR/BRL5.93▲ 0.52% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 182,991.13 ▼ 0.26% IPSA 11,137.59 ▼ 1.06% IPC MEX 64,944.41 ▼ 0.07% MERVAL 2,798,925 ▼ 3.28% COLCAP 2,579.33 ▼ 0.21% BVL PERÚ 60,698.35 ▼ 0.79% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Tuesday, September 29, 2026

Brazil Politics - Brazil

Lula’s Leadership Tested as Disapproval Reaches 53.6% in Brazil

By · April 1, 2025 · 2 min read

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Brazil votes Sunday. The courts are deciding.”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Brazilian President Luiz Inácio Lula da Silva faces growing public dissatisfaction as his disapproval rating climbs to 53.6%, according to the latest AtlasIntel poll.

This marks a slight increase from the previous month, while his approval rating dropped to 44.9%. The survey, conducted online with 4,659 participants between March 20 and 24, 2025, highlights persistent concerns about the government’s economic performance.

Nearly half of Brazilians—49.6%—rate Lula’s administration as “poor” or “terrible,” while only 37.4% see it as “great” or “good.” Another 12.5% consider the government “regular.”

Free daily brief — no card needed
Get every Brazil story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

These figures underscore a challenging political landscape for Lula, whose third term has been marked by economic turbulence and waning public confidence.

Economic challenges lie at the heart of this discontent. Inflation reached a 17-month high of 5.06% in February 2025, exceeding the Central Bank’s target ceiling of 4.5%.

Lula’s Leadership Tested as Disapproval Reaches 53.6% in Brazil
Lula’s Leadership Tested as Disapproval Reaches 53.6% in Brazil.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

Food prices surged by 7% over the same period, disproportionately affecting low-income families, a key demographic for Lula’s Workers’ Party. Rising costs have eroded purchasing power and fueled dissatisfaction among voters who once formed Lula’s strongest base.

Lula Faces Declining Approval Amid Economic Slowdown

The government’s fiscal strategy has also faced criticism. Efforts to implement a new fiscal framework have been undermined by credibility issues, forcing last-minute spending cuts to stabilize the economy.

Despite achieving GDP growth of 3.42% in 2024, Brazil now faces a projected slowdown to 2.3% in 2025 due to high interest rates and inflationary pressures. Lula’s approval ratings have declined in historically supportive regions like the Northeast.

Approval in the region dropped from 49% in December to just 33% in February. Among low-income voters earning up to two minimum wages, approval plummeted from 44% to 29%.

These shifts indicate growing dissatisfaction even among Lula’s traditional constituencies. As Lula approaches the midpoint of his term, his administration faces mounting pressure to regain public trust and address economic instability.

With Brazil’s next presidential election set for 2026, these figures raise critical questions about his ability to navigate political and economic challenges while maintaining his coalition’s support.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.