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The opposition is hopeful it can oust the incumbent, whose party has ruled the country for 25 years.
On the streets of some of Brazil’s biggest cities on Sunday night, many of Mr. Bolsonaro’s supporters responded to the results with claims of fraud — and then a swift exit.
The bitterly fought election went into a run-off on 30 October and was won by an extremely narrow margin by Lula.
As a result, millions of his supporters have lost faith in the integrity of their nation’s elections, according to polls, and many have said publicly that they are prepared to take to the streets at his command.
“I don’t know if my vote was counted nor the votes of the people here,” said Marcelo Costa Andrade, 45, a government worker scrolling through his phone at what he hoped would be a victory party in Mr. Bolsonaro’s wealthy beachside neighborhood in Rio de Janeiro. “I feel robbed.”
A loosening of foreign currency controls originally brought in by President Chávez in 2003 has eased those shortages as traders can sell goods in dollars but that means they have again become largely unaffordable to the poor or those without access to the US currency.
His supporters, who refused to accept the outcome of the election, stormed Brazil's Congress, the presidential palace and the building housing the Supreme Court on oito January.
That appears unlikely now, and the dubious election results could test the thaw between Mr. Maduro and business leaders, and could possibly trigger a new wave of international sanctions.
He had been accused of undermining Brazilian democracy by falsely claiming that the electronic ballots used were vulnerable to hacking and fraud.
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President Milei renews his vow to scrap export taxes as Argentina’s powerful farmers get impatient
A former lawmaker, she maintained a somewhat low profile in recent years and rose to the top of the opposition leadership in 2023 thanks to a void left when other leaders went into exile, and careful messaging that softened her reputation as an unyielding politician.
Born in Pretoria, South Africa, Mr Musk showed his talents for entrepreneurship early, going door-to-door with his brother selling homemade chocolate Easter eggs and developing his first computer game at the age of 12.
Machado has refused to explain her strategy to overcome the ban, only offering platitudes to supporters that she is in the race “until the end.”