Luiz Inácio Lula da Silva, a leftist former president, looks well-placed to win a third term. But which Lula would Brazil get—the fiscal conservative or the populist spendthrift? Germany has an earned reputation as an industrial powerhouse, but its dependence on Russian gas and Chinese demand are hobbling it. And why the propaganda-spewing loudspeakers in Vietnam’s capital are firing up again.For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer Hosted on Acast. See acast.com/privacy for more information.

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