Lula has been elected president of Brazil for the fourth time, Flávio Bolsonaro does not recognize the result

Luiz Inácio Lula da Silva won Brazil's presidential election, marking his fourth term. His opponent, Flávio Bolsonaro, disputes the results and seeks annulment. Lula secured approximately 52% of the votes, while Bolsonaro received around 48%. Lula's victory was unexpected as Bolsonaro led in the first round. Lula will begin his new four-year term on January 5, promising cooperation with the conservative congress. Bolsonaro claims the election's legitimacy is questionable due to extended voting hours caused by logistical issues. Analysts suggest the annulment is unlikely, as Bolsonaro's camp also requested the extension. The conservative parties hold significant power in parliament, complicating government initiatives, while Brazil's economic growth is expected to remain moderate amid high interest rates and public debt.