Luiz Inacio Lula da Silva won the second round of the presidential election in Brazil, obtaining 51% of the vote against Flavio Bolsonaro's 49%, Bloomberg reports. That would give the 80-year-old politician a record fourth term. As head of state, he will have to deal with growing deficits and public debt that keep interest rates high, as well as combat the highest rise in consumer loan defaults in two decades.