Brazil Flash: Current account deficit reaches lowest level in more than a year in September.
Published on Monday, October 24, 2011
Brazil Flash: Current account deficit reaches lowest level in more than a year in September.
Summary
The current account deficit dropped 55%m/m (44%y/y) in September following the sharp depreciation of the real and the moderation of domestic demand. Overall capital inflows decelerated markedly, but FDI remained very strong (13%m/m and 17%y/y).
Geographies
- Geography Tags
- Brazil
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research